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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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
February 28,2020

Feb 28: Life was limping back to normalcy in some parts of the riot-hit northeast Delhi, with police and paramilitary personnel maintaining strict vigil in view of Friday prayers at mosques.

Police officers said they were also making extra efforts to quell rumours, and holding regular flag marches and interactions in the neighbourhoods of affected areas as confidence-building measures.

In some areas of northeast Delhi, signs of normal life were witnessed with opening of shops. In violence-hit areas also, shops in streets and bylanes were open.

Nearly 7,000 paramilitary forces have been deployed in the affected areas of the northeast district since Monday. Besides, hundreds of Delhi police personnel are on the ground to maintain peace and prevent any untoward incident.

At least 38 were killed and over 200 injured in the communal clashes that broke out in northeast Delhi on Monday after violence between citizenship law supporters and protesters spiralled out of control The areas affected include Jaffrabad, Maujpur, Chand Bagh, Khureji Khas and Bhajanpura..

The Union Home Ministry had said on Thursday night that no major incident was reported from the northeast district in the past 36 hours, It had said that prohibitory orders imposed under Section 144 would be relaxed for 10 hours in view of improvement in the situation.

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News Network
July 26,2020

New Delhi, Jul 26: Union Home Minister Amit Shah on Sunday saluted the valour and grit of the Indian soldiers on the occasion of 21st anniversary of the 'Kargil Vijay Diwas'.

Shah took to Twitter and said that 'Kargil Vijay Diwas' is a symbol of India's proud, valour and steadfast leadership.

"Kargil Vijay Diwas is a symbol of India's proud, valor and steadfast leadership. I bow to the soldiers who, with their indomitable courage, drove the enemy from the inaccessible hills of Kargil and waved the tricolor there again. The country is proud of the heroes of India, who are dedicated to protecting the motherland," Shah tweeted (translated from Hindi)
The country is celebrating the anniversary of the 'Kargil Vijay Diwas'.

The Indian armed forces had defeated Pakistan on July 26, 1999. Since then, the day is celebrated as 'Kargil Vijay Diwas' to rekindle the pride and valour of the soldiers who took part in Operation Vijay.

The day marks the victory of Indian soldiers in recapturing the mountain heights that were occupied by the Pakistani Army on July 26, 1999, known as the Kargil War. 

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