Tensions show as Trump, Merkel meet for first time

March 18, 2017

Washington, Mar 18: Stark differences between President Donald Trump and German Chancellor Angela Merkel on everything from trade to immigration were in full view during an icy first meeting at the White House on Friday.

MerkelIn a frequently awkward joint press conference, Mr. Trump and Ms. Merkel showed little common ground as they addressed a host of thorny issues including NATO, defense spending and free trade deals.

For most of the 30 minutes in the East Room, Ms. Merkel was stony-faced as Mr. Trump ripped into Washington's NATO allies for not paying for their "fair share" for transatlantic defense and demanded "fair and reciprocal trade" deals.

The veteran German Chancellor had arrived at a snowy White House hoping to reverse a chill in relations after Mr. Trump's incendiary election rhetoric.

The visit began cordially, with the pair shaking hands at the entrance of the White House.

But later, sitting side-by-side in the Oval Office, Ms. Merkel's suggestion of another handshake went unheard or ignored by Mr. Trump -- an awkward moment in what are usually highly scripted occasions.

There was never going to be an easy rapport between the cautious German Chancellor and impulsive US President.

For years, Ms. Merkel -- a trained physicist -- had been president Barack Obama's closest international partner, with the two sharing a strong rapport and a similar deliberative approach.

Before coming to office in January, Mr. Trump had set the tone by calling Ms. Merkel's acceptance of refugees a "catastrophic mistake" and suggested she was "ruining Germany."

In a similar vein, Ms. Merkel has sought to remind -- some in the White House would say lecture -- the real estate mogul about democratic values.

Comments like that have prompted some of Mr. Trump's fiercest critics to declare Ms. Merkel the new "leader of the free world" -- a moniker normally taken up by the occupant of the White House.

During the press conference, Ms. Merkel said "it's much, much better to talk to one another and not about one another, and I think our conversation proved this."

But even the lighter moments were tinged with tension.

Amid a furor over Mr. Trump's unfounded allegations that he was wiretapped by Mr. Obama, the new President cracked a joke referring to past revelations that Ms. Merkel's phone had also been bugged by his Democratic predecessor.

"As far as wiretapping, I guess, by this past administration, at least we have something in common perhaps," he said.

Ms. Merkel appeared not to find the humor in what had been a major political scandal.

And neither side tried to make small talk about Mr. Trump's own background.

His family hails from Kallstadt, a tidy village nestled in southwest Germany's lush wine country. His grandparents left for America more than a century ago fleeing poverty and later, after a brief return, trouble with the law.

Voice of Europe

Although Mr. Trump has tempered his criticism of NATO and the personal attacks against European leaders, officials still fret that Mr. Trump has too closely embraced the nationalist ideology of key advisor Steve Bannon.

Mr. Bannon has championed trade protectionism and opposed the European Union and other multilateral institutions that underpin the world order.

Mr. Trump on Friday pledged to "respect historic institutions" but Mr. Bannon, also in the East Room, gave a chuckle as Ms. Merkel was asked whether she believed Mr. Trump had lied and treated the European Union disrespectfully.

Mr. Trump insisted he was not isolationist, saying: "I'm a free trader but also a fair trader."

Ms. Merkel rejected Mr. Trump's suggestion that individual European countries should negotiate free trade deals with the United States, rather than under existing EU-US negotiations.

"I hope we can come back to the table and talk about the agreement" between the EU and US, she said.

Mr. Trump departed Washington later Friday, arriving in Florida where he will spend the weekend at his Mar-a-Lago estate, accompanied by his youngest son Barron, wife Melania and the first lady's parents.

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April 9,2020

Washington, Apr 9: At least 11 Indians have died of COVID-19 in the United States with another 16 testing positive for the infection which has claimed more than 14,000 lives and afflicted more than four lakh people in the US.

All Indian citizens who have succumbed to the deadly infection in the US are male, with ten of them from New York and New Jersey area. Four of the victims are said to be taxi drivers in New York City.

New York City has emerged as the US epicentre for COVID-19 spurt, accounting for more than 6,000 deaths and over 1,38,000 cases of infections. New Jersey accounts for 1,500 fatalities and nearly 48,000 infections.

One Indian national reportedly died in Florida because of coronavirus. Authorities are also ascertaining the nationality of some other Indian origin people in the States of California and Texas.

All 16 Indians, including four females, who have tested positive for coronavirus are in self-quarantine. Coming from diverse background, eight of them are from New York, three from New Jersey and rest from other states like Texas and California. They hail from Indian states like Uttarakhand, Maharashtra, Karnataka and Uttar Pradesh.

Indian Embassy and consulates across the United States are working closely with local authorities and Indian-American organizations to provide necessary assistance to Indian nationals and students affected with COVID-19.

Because of the strict travel restrictions and regulations to prevent the spread of the deadly virus, local city officials have been performing the last rites of the deceased and in many cases are not allowing even their immediate family members to attend their cremations, officials said.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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News Network
May 29,2020

Washington, May 29: Reiterating his offer to mediate on the border dispute between India and China, US President Donald Trump has said that he spoke with Narendra Modi about the "big conflict" and asserted that the Indian Prime Minister is not in a "good mood" over the latest flare-ups between the two countries.

Speaking with the reporters in the Oval Office of the White House on Thursday, Trump said a "big conflict" was going on between India and China.

"I like your prime minister a lot. He is a great gentleman," the president said.

"Have a big conflict …India and China. Two countries with 1.4 billion people (each). Two countries with very powerful militaries. India is not happy and probably China is not happy," he said when asked if he was worried about the border situation between India and China.

"I can tell you; I did speak to Prime Minister Modi. He is not in a good mood about what is going on with China," Trump said.

A day earlier, the president offered to mediate between India and China.

Trump on Wednesday said in a tweet that he was "ready, willing and able to mediate" between the two countries.

Responding to a question on his tweet, Trump reiterated his offer, saying if called for help, "I would do that (mediate). If they thought it would help" about "mediate or arbitrate, I would do that," he said.

India on Wednesday said it was engaged with China to peacefully resolve the border row, in a carefully crafted reaction to Trump's offer to arbitrate between the two Asian giants to settle their decades-old dispute.

"We are engaged with the Chinese side to peacefully resolve it," External Affairs Ministry Spokesperson Anurag Srivastava said, replying to a volley of questions at an online media briefing.

While the Chinese Foreign Ministry is yet to react to Trump's tweet which appears to have caught Beijing by surprise, an op-ed in the state-run Global Times said both countries did not need such a help from the US President.

"The latest dispute can be solved bilaterally by China and India. The two countries should keep alert on the US, which exploits every chance to create waves that jeopardise regional peace and order," it said.

In Beijing, Chinese Foreign Ministry spokesman Zhao Lijian said on Wednesday that both China and India have proper mechanisms and communication channels to resolve the issues through dialogue and consultations.

Trump previously offered to mediate between India and Pakistan on the Kashmir issue, a proposal which was rejected by New Delhi.

The situation in eastern Ladakh deteriorated after around 250 Chinese and Indian soldiers were engaged in a violent face-off on the evening of May 5 which spilled over to the next day before the two sides agreed to "disengage" following a meeting at the level of local commanders.

Over 100 Indian and Chinese soldiers were injured in the violence.

The incident in Pangong Tso was followed by a similar incident in north Sikkim on May 9.

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