Trump Admits To Russian Hacking Even As He Attacks US Intelligence Community

January 12, 2017

New York, Jan 12: President-elect Donald Trump acknowledged for the first time here Wednesday that Russia was responsible for hacking the Democratic Party during last year's election, but denied that the leaks were intended to boost him and argued that Moscow would cease cyber attacks on the United States once he is sworn in.

presidentIn a rollicking hour-long news conference, Trump furiously denounced as "fake news" the reports that Russia had obtained salacious intelligence that could compromise him. He suggested that any damaging information collected by Russian President Vladimir Putin's administration would already have been released - and he celebrated what had leaked out about Democratic nominee Hillary Clinton.

"As far as hacking, I think it was Russia," Trump said. "Hacking's bad and it shouldn't be done. But look at the things that were hacked, look at what was learned from that hacking."

Allowing his hostility and contempt toward the U.S. intelligence community to again burst into public view, Trump also reaffirmed his belief - first expressed in a tweet earlier Wednesday morning - that intelligence officials were behaving as though they were in "Nazi Germany" with what he termed "disgraceful" leaks to the media. The Anti-Defamation League asked Trump to apologize for trivializing the Holocaust.

Trump made a series of promises but provided little specific evidence on how he would deliver them. He vowed to repeal and replace President Barack Obama's Affordable Care Act quickly and nearly simultaneously ("could be the same hour"); to start building a wall along the U.S. border with Mexico before convincing the Mexican government to pay for it ("that will happen, whether it's a tax or whether it's a payment"); and unveiled how he is disentangling himself from management of his massive business empire while still refusing to divest himself of his financial interests.

Trump also said he planned to announce a nominee fill the Supreme Court vacancy left by the late justice Antonin Scalia within two weeks of his Jan. 20 inauguration, having already reviewed a list of about 20 candidates recommended by conservatives at the Federalist Society and Heritage Foundation. And he promised to bring jobs to the states that supported him in November, calling himself "the greatest jobs producer that God ever created."

In a performance that was by turns considered, combative, and carnivalesque, Trump also definitively confirmed that winning the presidency has not changed his public presentation to that of a more traditional statesman.

Instead, he repeatedly lashed out at the news media. He shushed correspondents from CNN - "You are fake news," he hissed at them - which broke the news late Tuesday that Trump and Obama had been briefed on allegations that Russian intelligence services have compromising material and information on Trump's personal life and finances.

He also went after Buzzfeed, which published a document Tuesday outlining some of the unverified allegations, which were based on research done by an outside entity engaged in political consulting work and led by a former high-ranking British intelligence official. Trump called Buzzfeed a "failing pile of garbage" and warned it would "suffer the consequences" for publishing the dossier.

Some 300 journalists packed into the marble lobby of Trump Tower for the president-elect's first full-fledged news conference since July 27, when among other pronouncements Trump urged the Russian government to find and release tens of thousands of Clinton's private emails.

Six months later, the subject of Russian hacking still clouds Trump's transition to power and questions about the hacking attacks dominated Wednesday's press conference. At first, Trump refused to say whether he or anyone on his campaign had been in contact with Russia, but he clarified as he left the press conference, telling reporters near the elevators that neither he nor his team had any contact with Russia about his campaign.

Trump also insisted that the warm relationship he has cultivated with Putin is beneficial to the United States.

"If Putin likes Donald Trump, guess what, folks? That's called an asset, not a liability," he said. "Now, I don't know that I'm gonna get along with Vladimir Putin. I hope I do. But there's a good chance I won't. And if I don't, do you honestly believe that Hillary would be tougher on Putin than me?"

At times, Trump also seemed eager to both reminisce about and relitigate his unlikely campaign. He recounted his crowds of thousands that "would go crazy" when he urged them to cheer that Mexico would pay for a border wall. And he poked fun at Sen. Lindsey Graham, R-S.C., a longtime critic who ran unsuccessfully in the 2016 Republican primary, when asked about a bill Graham is co-sponsoring that would increase sanctions on Russia.

"I've been competing with him for a long time," Trump said, nodding to Graham's poor showing in the primaries. "He is going to crack that 1 percent barrier one day."

On cyber attacks, he said his administration will produce within 90 days a major report on how to stop the hacking "phenomena."

He also argued that Russia hacked the Democrats because "the Democratic National Committee was totally open to be hacked."

Trump claimed credit for instructing Republican National Committee Chairman Reince Priebus, his incoming White House chief of staff, to invest in ordering "a very, very strong hacking defense," and said the Russians had tried to hack his party's internal systems but "were unable to break through."

FBI Director James Comey said at a hearing Tuesday that none of the RNC's current computer networks were hacked but that old email servers that were no longer being used were penetrated. The fact that none of that information was released by the Russians factored into the intelligence community's conclusion that Moscow aimed to help Trump win, Comey said.

He noted that the Russian hackers "got far deeper and wider into the DNC than the RNC." Officials have previously said that the DNC's cybersecurity was not as strong as the RNC's.

Like many Trump productions, Wednesday's press conference was strategically staged and cast. Aides carried out heaps of papers in manila folders, which Trump claimed were the legal documents transferring management of his many business interests over to his two adult sons, Donald Jr. and Eric.

Sean Spicer, the incoming White House press secretary, emerged first at the lectern to play the role of outraged disciplinarian, setting the tone for a press conference that was both offensive and defensive. He half-read, half-shouted a strongly worded statement castigating some media organizations for "highly salacious and flat-out false" reports Tuesday night about Trump and Russia that he said were intended to undermine the new administration.

"The fact that BuzzFeed and CNN made the decision to run with this unsubstantiated claim is a sad and pathetic attempt to get clicks," Spicer said, as his boss looked on proudly.

Spicer's admonishment seemed intended to free Trump to rise above the fray - and Trump's initial remarks were measured and largely magnanimous. But a few questions into the news conference, the president-elect delved directly into the topic of Russia.

Asked whether he engaged in behavior during his Russia trip for the Miss Universe pageant that he now regrets and that makes him now vulnerable to blackmail, Trump said he is "extremely careful" when traveling abroad. He said he tells his bodyguards to beware hidden cameras in foreign hotels.

"You have cameras in the strangest places - cameras that are so small with modern technology you can't see them and you won't know," Trump said. "You better be careful or you'll be watching yourself on nightly television. I tell this to people all the time."

Trump added, "I'm also very much of a germaphobe, by the way. Believe me."

Trump's post-election news conference, where he had planned to formally announce how he would restructure his businesses to avoid conflicts of interest, was delayed for weeks as he and his lawyers worked to disentangle the president-elect.

Midway through, Trump turned over the lectern to Sheri Dillon, a tax adviser at the Morgan Lewis law firm, who read a lengthy statement explaining that Trump was giving up management of the Trump Organization and shifting his assets into a trust managed by Donald Jr. and Eric Trump while he serves as president.

However, Trump will not sell his business or his stake. He also said he would continue continued to refuse to release his tax returns for public review. "The only ones that care about my tax returns are the reporters," Trump said.

Trump's company, which has a vast array of licensing deals, buildings, golf courses and other properties around the globe, will make no new foreign deals while he is in office, Dillon said. Any new domestic deals would undergo vigorous review and require approval by an independent ethics adviser.

As Dillon explained the nuances of the new arrangement, Trump stood off to the side appearing restless and perhaps bored. He shifted his stance, whispered back and forth with Vice President-elect Mike Pence, and at one point ducked out of camera view to take a sip of water.

Yet Trump soon returned to his spot at center stage, parrying questions on a range of subjects before drawing the cameras to focus on the display of papers and folders at the table next to him. He said they were "just a piece of the many, many companies" being put into a trust to be run by his sons.

"I hope at the end of eight years I'll come back and say, 'Oh, you did a good job,' " Trump said, as his two older sons looked on admiringly.

But Trump couldn't resist a final flourish, underscoring his ongoing struggle to shift from reality television host to leader of the free world. "Otherwise, if they do a bad job," Trump continued, "I'll say, 'You're fired!' "

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News Network
May 30,2020

Washington, May 30: President Donald Trump said Friday he would strip several of Hong Kong's special privileges with the United States and bar some Chinese students from US universities in anger over Beijing's bid to exert control in the financial hub.

In a day of concerted action, the United States and Britain also raised alarm at the UN Security Council over a controversial new security law for Hong Kong, angering Beijing which said the issue had no place at the world body.

In a White House appearance that Trump had teased for a day, the US president attacked China over its treatment of the former British colony, saying it was "diminishing the city's longstanding and proud status."

"This is a tragedy for the people of Hong Kong, the people of China and indeed the people of the world," Trump said.

Trump also said he was terminating the US relationship with the World Health Organization, which he has accused of pro-China bias in its management of the coronavirus crisis.

But Trump was light on specifics and notably avoided personal criticism of President Xi Jinping, with whom he has boasted of having a friendship even as the two powers feud over a rising range of issues.

"I am directing my administration to begin the process of eliminating policy that gives Hong Kong different and special treatment," Trump said.

"This will affect the full range of agreements, from our extradition treaty to our export controls on dual-use technologies and more, with few exceptions," he said.

Secretary of State Mike Pompeo on Wednesday informed Congress that the Trump administration would no longer consider Hong Kong to be separate under US law, but it was up to Trump to spell out the consequences.

China this week pressed ahead on a law that would ban subversion and other perceived offenses against its rule in Hong Kong, which was rocked by months of massive pro-democracy protests last year.

US restricts students

In one move that could have long-reaching consequences, Trump issued an order to ban graduate students from US universities who are connected to China's military.

"For years, the government of China has conducted elicit espionage to steal our industrial secrets, of which there are many," Trump said.

Hawkish Republicans have been clamoring to kick out Chinese students enrolled in sensitive fields. The FBI in February said it was investigating 1,000 cases of Chinese economic espionage and technological theft.

But any move to deter students is unwelcome for US universities, which rely increasingly on tuition from foreigners and have already been hit hard by the COVID-19 shutdown.

China has been the top source of foreign students to the United States for the past decade with nearly 370,000 Chinese at US universities, although Trump's order will not directly affect undergraduates.

Critics say Trump has been eager to fan outrage about China to deflect attention from his own handling of the coronavirus pandemic that has killed more than 100,000 people in the United States, the highest number of deaths of any country.

Chuck Schumer, the top Democrat in the Senate, called Trump's announcement "just pathetic."

Eliot Engel, a Democrat who heads the House Foreign Affairs Committee, noted that Trump treaded lightly on Hong Kong during last year's protests as he sought a trade deal with Xi.

"Now, the president wants to shift the blame for his failures onto China, so he's doing the right thing for the wrong reason," Engel said.

Trump's order could also trigger retaliation. China in March expelled US journalists after the Trump administration tightened visa rules for staff at Chinese state media.

Clash at UN

The United States and Britain earlier in the day urged China to reconsider the Hong Kong law during talks at the UN Security Council, where China wields a veto -- making any formal session, let alone action against Beijing, impossible.

The Western allies raised Hong Kong in an informal, closed-door videoconference where China cannot block the agenda.

They said China was violating an international commitment as the 1984 handover agreement with Britain, in which Beijing promised to maintain the financial hub's separate system until at least 2047, was registered with the United Nations.

"The United States is resolute, and calls upon all UN members states to join us in demanding that the PRC immediately reverse course and honor its international legal commitments to this institution and to the Hong Kong people," said US Ambassador Kelly Craft, referring to the People's Republic of China.  

China demanded that the United States and Britain "immediately stop interfering in Hong Kong affairs," saying the law did not fall under the Security Council's mandate.

"Any attempt to use Hong Kong to interfere in China's internal matters is doomed to fail," warned a statement from China's UN mission.

"There was no consensus, no formal discussion in the Security Council, and the US and the UK's move came to nothing," it said.

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Agencies
July 17,2020

Washington, Jul 17: US President Donald Trump's economic adviser Larry Kudlow has said that TikTok may cut off ties to its Chinese parent and become a 100 per cent American company to circumvent demands to ban it as India has done.

"I think TikTok is going to pull out of the holding company which is China-run and operate as an independent American company," he told reporters at the White House on Thursday.

The US has not made a final decision on whether to ban it - which has been suggested by Secretary of State Mike Pompeo, he said.

TikTok being divested by ByteDance Technology Company "is a much better solution than banning or pushing away", said Kudlow, who is the Director of the National Economic Council.

He said that its services will be located in the US and "it will become an hundred per cent American company".

If it becomes a US company without Chinese links, India may have to reconsider the ban on the short video app wildly popular in the country.

India banned TikTok along with 58 other Chinese apps on June 29 citing threats to its defence and national security.

The ban came after a deadly clash between Indian and Chinese troops along the Line of Actual Control in Ladakh.

Under Beijing's National Security Law, all Chinese companies have to provide intelligence requested by the government, creating risks for users and their countries.

India was TikTok's biggest market outside of China, where it operates as Douyin.

There were about 200 million users in India and over 300 million downloads.

The US comes next with over 30 million users for the app.

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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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