Trump throws G-7 into disarray with tweets after he leaves

Agencies
June 10, 2018

La Malbaiel, Jun 10: ashing out at the longtime U.S. ally and northern neighbor, President Donald Trump tweeted that Canadian Prime Minister Justin Trudeau is “dishonest & weak” and that the U.S. was pulling back its endorsement of the G-7 summit’s communique in part because of what he called Mr. Trudeau’s “false statements” at a news conference.

In an extraordinary set of tweets aboard Air Force One, on its way to Singapore for Tuesday’s summit with North Korea’s Kim Jong Un, Mr. Trump threw the G-7 summit into disarray on Saturday and threatened to escalate his trade war just as Canada released the G-7’s official communique. Its statement took a generally positive view of the leaders’ positions on trade matters while acknowledging tensions with the U.S.

A few hours earlier, Mr. Trudeau had told reporters that all seven leaders had come together to sign the joint declaration.

Mr. Trump tweeted- “Based on Justin’s false statements at his news conference, and the fact that Canada is charging massive Tariffs to our U.S. farmers, workers and companies, I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!”

In a statement, a spokesman for Mr. Trudeau did not address Mr. Trump’s insults. “We are focused on everything we accomplished here at the “G7 summit,” spokesman Cameron Ahmad said. “The Prime Minister said nothing he hasn’t said before both in public, and in private conversations with the President.”

Mr. Trump’s personal attack on Mr. Trudeau is unprecedented in the countries’ longstanding relationship.

As he exited the world summit, Mr. Trump had delivered a stark warning to America’s trading partners not to counter his decision to impose tariffs on steel and aluminum imports. But the summit host, Mr. Trudeau, whose nation was among those singled out by Mr. Trump, pushed back and said he would not hesitate to retaliate against his neighbor to the south.

“If they retaliate, they’re making a mistake,” Mr. Trump declared before departing the annual Group of Seven summit, which includes Britain, Italy, France, Germany and Japan.

Mr. Trudeau later said he reiterated to Mr. Trump that tariffs will harm industries and workers on both sides of the U.S.-Canada border. He said unleashing retaliatory measures “is not something I relish doing” but that he wouldn’t hesitate to do so because “I will always protect Canadian workers and Canadian interests.”

“As Canadians, we are polite, we’re reasonable, but also we will not be pushed around,” Mr. Trudeau said.

Despite the sharp differences, Mr. Trudeau said all seven leaders had come together to sign a joint declaration despite having “some strong, firm conversations on trade, and specifically on American tariffs.”

Mr. Trump himself insisted relationships with allies were a “ten” just before he left the summit. But Mr. Trump’s abbreviated stay at this Quebec resort saw him continuing the same type of tough talk on trade as when he departed the White House, when he accused Mr. Trudeau of being “indignant.”

The summit came during an ongoing trade dispute with China and served as a precursor to the unprecedented meeting with Mr. Kim, in which Mr. Trump has sought to extend a hand to the Asian autocrat who has long bedeviled the international order.

“His message from Quebec to Singapore is that he is going to meld the industrial democracies to his will and bring back Russia,” said Steve Bannon, Mr. Trump’s former campaign and White House adviser. Mr. Bannon said China is “now on notice that Trump will not back down from even allies’ complaints in his goal of ‘America First.’”

Speaking on Saturday during a rare solo news conference, Mr. Trump said he pressed for the G-7 countries to eliminate all tariffs, trade barriers and subsidies in their trading practices. He reiterated his longstanding view that the U.S. has been taken advantage of in global trade, adding, “We’re like the piggy bank that everybody’s robbing, and that ends.”

Mr. Trump cited progress on reaching an agreement on the North American Free Trade Agreement with Canada and Mexico, saying the final outcome would lead either to an improved trade deal or separate pacts with the two U.S. neighbors. Mr. Trump said he was discussing two types of sunset provisions in which any of the countries could leave the deal. A Canadian official said the leaders discussed accelerating the pace of the talks.

But Mr. Trudeau objected strenuously to a sunset clause of any length. “If you put an expiry date on any trade deal, that’s not a trade deal. That’s our unequivocal position,” he said.

Prior to his arrival on Friday, the president injected additional controversy by suggesting that the G-7 offer a seat at the table to Russia, which was ousted from the group in 2014. Mr. Trump said on Saturday that re-admitting Russia to the elite club would be “an asset,” telling reporters, “We’re looking for peace in the world.” Mr. Trump said he had not spoken with Russian President Vladimir Putin in a while.

Discussing Russia’s absence, Mr. Trump made the vague comment that “something happened a while ago where Russia is no longer in. I think it would be an asset to have Russia back in.” In fact, Russia was expelled from what was then the G-8 after it invaded and annexed Crimea and for its support for pro-Russia separatists in Ukraine.

Mr. Trump placed the blame on his predecessor, President Barack Obama. “He was the one who let Crimea get away that was during his administration,” he said, adding- “Obama can say all he wants, but he allowed Russia to take Crimea. I may have had a much different attitude.”

It was not clear what Mr. Trump thought Mr. Obama should have done to prevent Mr. Putin from sending in Russian troops to seize the Black Sea peninsula from neighboring Ukraine.

Mr. Trudeau said he told Mr. Trump that readmitting Russia “is not something that we are even remotely looking at at this time.”

Mr. Trump departed the annual G-7 gathering after arriving late to a breakfast on gender equity and skipping later sessions on climate change, clean energy and ocean protection.

Mr. Trump’s recent moves, building on 18 months of nationalist policy-making, left him out of step with the globally minded organization and prompted speculation that the group could fracture into something more like the “G-6 plus one.”

A key question was whether the seven countries could agree on a joint statement of priorities at the conclusion of the meeting. Mr. Macron said Thursday on Twitter, “The American President may not mind being isolated, but neither do we mind signing a 6 country agreement if need be.” Mr. Trump said on Friday he thinks the group will produce a joint statement.

In public, Mr. Trump bantered easily with his fellow leaders, but the meeting came at a tense moment in the relationships, with allies steaming over Mr. Trump’s new tariffs on imported steel and aluminum from Canada, Mexico and the European Union.

French President Emmanuel Macron said he and Mr. Trump had “open and direct” discussions, adding that he thought there was a way to get a “win-win” outcome on trade. Details remained unclear.

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News Network
June 23,2020

New Delhi, Jun 23: In an unexpected development, the pump price of diesel is all set to surpass the petrol price in the capital, making it the most expensive transport fuel for the first time in a long time.

Globally, diesel is priced slightly above petrol prices due to the very nature of the product that has a higher cost of production. But in India, due to the lopsided taxation structure, diesel attracts lesser of the tax between the two auto fuels keeping its prices lower than petrol for last several years.

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre. Going by the trend of price movement in the two products for the last few days where diesel prices have consistently increased by 50-60 paise per litre while the daily increase in petrol prices have fallen to just 20 paise on Tuesday, it is set to surpass petrol prices in next few days.

"Diesel price movement is sharper in international market and if oil companies follow the global price trend, diesel prices will surpass that of petrol later this week. It will be after many years that this would happen and is expected to sustain for some time unless government changes the tax structure of the petroleum products again," said an oil sector expert from one of the big four audit and advisory firms asking not to be named.

Interestingly, even in India the base price of diesel is expensive than petrol. According to the Indian Oil Corporation (IOC), while the base price of petrol in Delhi currently comes to Rs 22.11 per litre, the same for diesel is higher at Rs 22.93 per litre (effective from June 16, 2020). This has been the case for a long time, but retail price of petrol can be higher than diesel due to central and state taxes.

What has now brought diesel prices to a whisker of petrol prices in the capital is the Delhi government's decision early May to increase the Value Added Tax on diesel from 16.75 per cent to 30 per cent and on petrol from 27 per cent to 30 per cent. This increased the retail price of diesel and petrol in Delhi by Rs 7.10 and Rs 1.67 a litre respectively. With Central taxes on the two products already reaching identical levels, the Delhi governments move hastened price parity between petrol and diesel.

Currently, the Central excise on petrol is Rs 32.98 a litre while that on diesel it is Rs 31.83 a litre. The VAT on petrol in Delhi is Rs 17.71 a litre and that on diesel is Rs 17.60 a litre.

While the movement of retail pricing is being seen with a sigh of relief by vehicle owners whose cars run on petrol, those buying the relatively expensive diesel cars are now repenting on their decision. The development is also being seen with caution by automobile companies who have spent millions to ramp up their facilities for diesel run vehicles. The expectation is that demand for such cars will now fall, causing more damage to companies where sales are already impacted due to persistent economic slowdown and now the spread of COVID-19 pandemic.

"The pricing development would push automobile companies to strategies being followed by companies in the western markets where diesel run cars are not sold on fuel pricing differential, but on overall make and quality that puts them ahead of petrol run cars," the expert quoted earlier.

Yes, but for commercial vehicle sector the rising price of diesel had not been welcomed. In fact, the commercial transport sector had time an again threatened strike against the move to raise fuel prices.

With petrol and diesel retail prices closing, the case for adultering fuel has also gone down much to the relief of vehicle owners.

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News Network
January 24,2020

Beijing, Jan 24: As China stepped up measures to control the spread of coronavirus, locking down Wuhan and Huanggang cities in the Hubei province where several Indians live, the Indian Embassy here has set up hotlines for their assistance.

Chinese officials assured all assistance, including food supply, to the Indians who stayed put in the province, the Indian Embassy here said in a press release on Thursday.

Wuhan and its surrounding area became the epicentre of the coronavirus outbreak as the confirmed cases climbed to over 600 mostly from the city and the province with 17 deaths so far.

China has virtually sealed Wuhan and Huanggang cities, halting all public transport, including flight services, and advised people to stay at home and follow the precautions. The two cities put together have a population of over 17 million people.

Chinese officials said the measures have been taken to prevent the spread of the virus to other cities and the world.

Concerns arose for India too as about 700 Indian students, mostly studying medicine in different Chinese universities, resided in Wuhan and its neighbouring areas.

While many of them were believed to have left home for the Chinese New Year holidays, others remained in the city to complete their academic work. However, the exact number is not yet known.

“The Embassy of India has been receiving queries from Indians in Hubei province as well as their relatives in India in connection with the evolving situation of coronavirus infection in China,” the embassy press release said.

The embassy is in touch with relevant Chinese authorities in Beijing and Wuhan as well as Indians in Hubei Province, especially in Wuhan, it said.

“We are closely monitoring the evolving situation in China, including the advisories issued by the World Health Organisation (WHO),” the embassy said.

According to the embassy, Chinese authorities have assured all assistance to residents of Wuhan, including food supply.

“At present, it is reported that supermarkets (particularly those that are government-run) and e-commerce services, including food delivery, continue to remain operational in Wuhan,” it said.

The embassy has started two hotlines for those who wish to get in touch with the Mission in this regard in the following phone numbers:              +8618612083629 and +8618612083617.

“All are advised to also keep track of the embassy's social media accounts (Twitter:@EoIBeijing; Facebook: India in China) for updates on this evolving situation,” the release said.

Meanwhile, the Chinese Foreign ministry said all assistance would be provided to consular officials of the foreign missions to ensure the safety of the foreigners in the country.

Asked whether China would consider any request from the respective countries to move their citizens out of Wuhan, Chinese Foreign Ministry spokesman Geng Shuang said, “We always help foreign consular officials in China in their official jobs, we offer them all the assistance and convenience necessary and we work to guarantee foreign citizens' legitimate rights and interest in China.”

He said while specific detailed would be provided by local officials, China in principle, has always handled issues according to domestic laws, international laws and bilateral consular agreements.

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News Network
February 22,2020

Washington, Feb 22: US President Donald Trump will raise the issue of religious freedom with Prime Minister Narendra Modi during his visit to India next week, the White House said on Friday, noting that the US has great respect for India's democratic traditions and institutions.

"President Trump will talk about our shared tradition of democracy and religious freedom both in his public remarks and then certainly in private. He will raise these issues, particularly the religious freedom issue, which is extremely important to this administration," a senior official told reporters in a conference call.

The official was responding to a question on whether the president was planning to speak to Modi on the Citizenship (Amendment) Act or the National Register of Citizens.

"We do have this shared commitment to upholding our universal values, the rule of law. We have great respect for India's democratic traditions and institutions, and we will continue to encourage India to uphold those traditions," the official said, requesting anonymity.

"And we are concerned with some of the issues that you have raised," the senior administration official said, in response to the question on CAA and NRC.

"I think the President will talk about these issues in his meetings with Prime Minister Modi and note that the world is looking to India to continue to uphold its democratic traditions, respect for religious minorities," the official said.

"Of course, it's in the Indian constitution -- religious freedom, respect for religious minorities, and equal treatment of all religions. So this is something that is important to the president and I'm sure it will come up," said the official.

Pointing out that India has a strong democratic foundation, the official said India is a country rich in religious, linguistic, and cultural diversity.

"In fact, it's the birthplace of four major world religions," the official noted.

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