'100 days of Trump admin show positive trend for Indo-US ties'

April 29, 2017

Washington, Apr 29: The first hundred days of the Trump administration have shown a positive trend for the Indo-US relationship and the upward trajectory of ties was expected to continue with bipartisan support for it, a former top Indian diplomat has said. On the eve of US President Donald Trump completing 100 days in office, former Indian Ambassador to the US Arun Singh said the Indo–US relationship during this period has broadly proceeded along expected lines.

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"As the engagement of the past hundred days has shown, India is clearly seen as an important interlocutor, with some convergence of interest, and potential for an even stronger mutually beneficial partnership," he told PTI. Beginning in the last phase of the Bush administration and almost all but two years of the Obama administration, Singh was a key player in driving the Indo-US relationship in the last one decade.

During the campaign, President Trump had spoken positively about India and expressed support for consolidating the Indo-US relationship further. Trump has spoken several times on phone with Prime Minister Modi, Singh said. India's National Security Adviser Ajit Doval and Foreign Secretary S Jaishankar have had consultations with senior US officials during their visits this year, he noted. US National Security Adviser Lt Gen H R McMaster recently visited India and also called on the Prime Minister.

Finance Minister Arun Jaitley met with US Treasury and Commerce Secretaries earlier this month in Washington, Singh said, referring to the high-level bilateral visits. "We can expect the positive trajectory to continue since there is now bipartisan support in the US for the relationship," Singh said. At the same time, he said acknowledged that there will "no doubt" be some areas of concern. "The eventual US decision on H-1B visas will have consequences for our technology workers and companies. Reduction in US tax rates, if realised, could draw capital into the US and away from other countries," he warned.

"Large US deficit, on account of tax reduction and infrastructure spending, could raise interest rates globally, which would also have consequences for India," the former Indian diplomat said. Responding to a question on Trump's foreign policy in the first 100 days of his administration, Singh, who retired from the foreign service late last year, said 100 days is perhaps too short, and certainly an artificial, 24/7 news cycle driven timeline, to assess the enduring and defining parameters of the foreign policy of any new administration.

"This initial phase is also usually marked by tension between the compulsions ofproposals made during the campaign aimed at rousing the base and getting out the vote, and the constraints subsequently imposed by limits of power and realisation of larger consequences," he said. These hundred days have thus seen the fulfilment of some campaign promises, reversals on others, and several critical issues still being evaluated, Singh noted. Trump was sworn in as the 45th President of the United States on January 20 and completes hundred days in office today.

"As promised in the campaign, President Trump has taken the US out of TPP (Trans Pacific Partnership), convinced Canada and Mexico to agree to a renegotiation of NAFTA (North America Free Trade Agreement), and initiated the process of potential action against steel and aluminium imports into the US. There has also been some focus on dealing with ISIS," Singh said.

On the other hand, unlike the pre-election threats, China has not been declared a currency manipulator, no additional tariffs have been imposed on imports from China, and Chinese President Xi Jinping was lavishly welcomed in April at what is now being described as the 'southern White House' at Mar-a- Lago in Florida, he noted.

"The two agreed to come up with a 100-day plan to address the major trade imbalance. China is also being described as an important interlocutor for addressing the North Korean nuclear and missile challenge," he said. On April 6, Trump authorised missile strikes on a Syrian airbase, using Presidential prerogative under the US Constitution.

"Earlier he had repeatedly called upon his predecessor not to do so, and to consult US Congress before any such action," Singh said. Relations with Russia have not been improved, he observed, adding that attempts to do so immediately have become controversial in view of the raging controversy about alleged Russian intervention in the US elections to benefit Trump.

"This will now be further complicated by the missile strikes in an area where Russian forces were also present, although Russia had been given some prior notice," he said. "President Trump has, similarly, now spoken of strongly supporting NATO, which he had earlier described as obsolete. He has now referred to sharing vital security interests with allies, while continuing to complain about alliance commitments, and asking allies to contribute more," the former Indian Ambassador said. During his illustrious foreign service career, Singh also served as India's ambassador to Israel and France apart from the US.

He said, on Afghanistan, policy options were being studied by the Trump administration. US National Security Adviser had recently visited Afghanistan, Pakistan and India for discussions, Singh said, noting that the outcome of the current more strident approach to North Korea remains to be seen.

"The Administration is also constrained at the moment because a large number of posts in the Departments of State and Defence, as well as in the National Security Council, still remain to be filled," he said.

The decision making process has so far been White House centric, and the attempt has been to project a robust, muscular approach based on America's strengths, including military, and less on projection of 'American values' or 'soft power', he opined.

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Agencies
July 3,2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Despite fears a surge in new Covid-19 cases would delay economies reopening and stymie a tentative recovery, world stocks have rallied - with the S&P 500 finishing higher in June, marking its biggest quarterly percentage gain since the height of the technology boom in 1998.

Caught between bets in favour of riskier investments, weak U.S. economic prospects as well as an easing in the thirst for dollars after the Federal Reserve flooded markets with liquidity, the greenback fell nearly 1.0 per cent last month. It was its worst monthly performance since December.

While there was a dire prognosis from the top U.S. medical expert on the coronavirus' spread, the June 25-July 1 poll of over 70 analysts showed weak dollar projections as Fed Chair Jerome Powell on Monday reiterated the economic outlook for the world's largest economy was uncertain.

"The dollar rises in two instances: when you see risk off or when there is a situation where the U.S. is leading the global recovery, and we don't think that's going to be the case anytime soon," said Gavin Friend, senior FX strategist at NAB Group in London.

"The U.S. is playing fast and loose with the virus, and chronologically they're behind the rest of the world."

Currency speculators, who had built up trades against the dollar to the highest in two years during May, increased their out-of-favour dollar bets further last week, the latest positioning data showed.

About 80 per cent of analysts, 53 of 66, said the likely path for the dollar over the next six months was to trade around current levels, alternating between slight gains and losses in a range. That suggests the greenback may be at a crucial crossroad as more currency strategists have turned bearish.

But more than 90 per cent, or 63 of 68, said a second shock from the pandemic would push the dollar higher. Five said it would push the U.S. currency lower.

Much will also depend on debt servicing and repayments by Asian, European and other international borrowers in U.S. dollars.

While an early shortage of dollars in March from the pandemic's first shock pushed the Fed to open currency swap lines with major central banks, international funding strains have eased significantly since. In recent weeks, usage of the facility has reduced dramatically.

That trend is expected to continue over the next six months with major central banks' usage of swap lines to "stay around current levels", according to 32 of 46 analysts. While 13 predicted a sharp drop, only one respondent said use of them would "rise sharply".

The dollar index, which measures the greenback's strength against six other major currencies, has slipped over 5 per cent since touching a more than three-year high in March.

When asked which currencies would perform better against the dollar by end-December, a touch over half of 49 respondents said major developed market ones, with the remaining almost split between commodity-linked and emerging market currencies.

"The dollar is so overvalued, and has been overvalued for a long time, it's time now for it to come back down again, as we head towards the (U.S.) election," added NAB's Friend.

Over the last quarter, the euro has staged a 1.8 per cent comeback after falling by a similar margin during the first three months of the year. For the month of June, the euro was up 1.2 per cent against the dollar.

The single currency was now expected to gain about 2.5 per cent to trade at $1.15 in a year from around $1.12 on Wednesday, slightly stronger than $1.14 predicted last month. While those findings are similar to what analysts have been predicting for nearly two years, there was a clear shift in their outlook for the euro, with the range of forecasts showing higher highs and higher lows from last month.

"In comparison to even a month or two ago, the outlook in Europe has improved significantly," said Lee Hardman, currency strategist at MUFG.

"I think that makes the euro look relatively more attractive and cheap against the likes of the dollar. We're not arguing strongly for the euro to surge higher, we're just saying, after the weakness we have seen in recent years, there is the potential for that weakness to start to reverse."

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Agencies
July 21,2020

Washington, Jul 21: Democrat Joe Biden urged Muslim Americans on Monday to join him in the fight to defeat President Donald Trump as he addressed an online summit hosted by the advocacy organisation Emgage Action to mobilise Muslim voters ahead of the presidential election.

I want to earn your vote not just because he's not worthy of being president, the presumptive presidential nominee told participants.

I want to work in partnership with you, make sure your voices are included in the decision-making process as we work to rebuild our nation.

Biden also reiterated a pledge to overturn a Trump administration ban on travelers from several predominantly Muslim countries, calling it vile.

Wa'el Alzayat, CEO of Emgage Action, said by email that the organisation was seeking to maximise Muslim American turnout in key battleground states.

In Michigan alone one of the states where the organisation has chapters and where Trump won in 2016 by fewer than 11,000 votes he said he believed there are more than 150,000 registered Muslim voters.

Several prominent Muslim American elected officials endorsed Biden for president in a letter organised by Emgage Action ahead of the summit.

Among those who signed the letter are Minnesota Rep. Ilhan Omar, Minnesota Attorney General Keith Ellison and Indiana Rep. Andre Carson, all Democrats.

Omar, one of the first Muslim women elected to Congress, served as a high-profile surrogate for Bernie Sanders before he exited the presidential race in April making her support for Biden potentially helpful as the former vice president seeks to mobilise Muslim voters this fall.

Muslim American voices matter to our communities, to our country, Biden said.

But we all know that your voice hasn't always gotten recognised or represented.

Emgage Action has titled the event Million Muslim Votes, underscoring its emphasis on boosting Muslim turnout in November.

Joe Biden's presence serves not only to galvanise Muslim Americans to cast their ballots, but to usher in an era of engaging with Muslim American communities under a Biden administration, Alzayat said by email before the summit.

The pro-Biden letter from Muslim American elected officials decried a number of Trump's domestic and international policies, including his administration's travel ban and his pullout from the Iran nuclear deal.

A Biden administration will move the nation forward on many of the issues we care about, the letter said, citing racial justice, affordable health care, climate change and immigration.

The Muslim American officials also praised Biden's agenda for their communities.

Among other goals, Biden has vowed to rescind the travel ban affecting Muslims on Day One if he's elected.

In his address, he pledged to include Muslim American voices in his administration, if elected, and to speak out against human rights abuses against Muslim minorities around the world.

I'll continue to champion the rights of Palestinians and Israelis to have a state of their own as I have for decades, each of them a state of their own, he said.

Other state- and local-level Muslim American officials signing onto the pro-Biden letter hail from several states, including Michigan.

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News Network
June 3,2020

Islamabad, Jun 3: Pakistan has reported a record 4,132 fresh cases of the coronavirus in the last 24 hours, taking the total number of infections to 80,463, the health ministry said on Wednesday.

The Ministry of National Health and Services said the new infections were detected after conducting a maximum of 17,370 tests in a day.

Of the total cases, Sindh has so far detected 31,086 patients of the coronavirus, Punjab 29,489, Khyber-Pakhtunkhwa 10,897, Balochistan 4,747, Islamabad 3,188, Gilgit-Baltistan 779 and Pakistan-occupied Kashmir reported 289 patients of the viral disease.

"In total 67 patients died in the last 24 hours, taking the tally of deaths to 1,688. Another 28,923 people have fully recovered from the disease," the ministry said in a statement.

The authorities have so far carried out 595,344 tests in the country.

Officials said that Pakistan has more than 100 labs that can conduct over 30,000 tests per day and the number of daily tests will be gradually increased to the maximum level.

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