Monday, 23 October, 2017

Trump admin. declines to brand China a currency manipulator

Erik Tate | 15 April, 2017, 12:24

The President's reversal on Russian Federation and China is part of a series of policy flip-flops that have seen Trump abandon campaign positions on NATO, Israel, the Iran nuclear agreement and United States alliances in Asia. US policy has been normalized. And the missile strike on a Syrian airfield last week was the sort of foreign military intervention that candidate Trump had warned against.

Another day, another campaign promise is thrown to the winds.

In doing so, Trump is departing from some of the radical changes he promised, and moving toward the positions of his predecessors. The market for U.S. Treasuries finished trading early on Thursday, and will be closed Friday. "The greatest in the world", Trump said at a Florida rally past year. But Trump killed the TPP in his first week in office. Questioned about flip-flops during a Republican primary debate in March 2016, he characterized it as a virtue. I said it was obsolete.

Tillerson is taking Trump's message to Moscow this week.

But if Trump's domestic setbacks on Russian Federation hadn't changed his foreign policy approach, tensions regarding Syria did. "Which is why I alone can fix it".

The reversal on branding China a currency manipulator is among several changes in which Trump has softened tough stances he had taken during the campaign. "One by one we are keeping our promises - on the border, on energy, on jobs, on regulations".

Some political analysts have suggested Mr. Trump agreed to drop his major trade issues in exchange for Chinese cooperation on North Korea. North Atlantic Treaty Organisation was obsolete, Vladimir Putin was a great leader, Syria was someone else's problem, Mexico was going to pay for a border wall and China was manipulating currency and playing the US for a chump in every possible way.

Just 87 days ago Trump declared North Atlantic Treaty Organisation "obsolete".

"You want to make a great deal?"

While voters might forgive some exaggeration, the president's stalled efforts on trade issues could prove an enduring headache. Arguably nothing has done more to avert not just trade wars, but wars themselves, than the WTO's globally acknowledged dispute resolution mechanism.

This week, the president said his administration will not do that after all.

Spain saves 26 migrants from sinking boat in Atlantic Ocean
Libyan coast guard say 97 migrants are missing after their boat heading to Europe failed to cross the testing Mediterranean Sea. Twenty-three migrants were rescued around 6 miles off the coast after authorities received a distress call Thursday morning.

It was "certainly possible" Putin knew about the sarin attack, Trump said. USA crude ended up 0.13 percent at $53.18 a barrel, while global benchmark Brent settled up 0.05 percent at $55.89.

Nor has the threatened 45 percent tariff on Chinese goods materialized.

The move also shows that Trump has gained a better understanding of how important it is for both sides and the rest of the global community to ensure the world's most important bilateral ties remain stable and even grow after a meeting between him and his Chinese counterpart, Xi Jinping, last week in the US seaside resort of Mar-a-Lago.

During his presidential campaign Trump often called for warmer ties with Russian Federation, and despite the current chill and harsh tone, there may be a sign of yet another reversal to come. We had a very good bonding. "I think we had a very good chemistry together".

And if Trump has proven himself to be a dealmaker, he has also proven himself to be an opportunist. "They are on the back foot, surprised by Trump".

U.S. Vice President Mike Pence will visit Japan next week for a bilateral economic dialogue, with American officials signalling they would press Japan to remove non-tarrif trade barriers and buy more U.S. products.

One such promise was to move the U.S. embassy in Israel from Tel-Aviv to Jerusalem - something that other United States presidential candidates over the past half-century have also promised, only to discover that the advantages are minimal, while the disadvantages remain huge.

Foreign policy experts say the USA bombing of Syria was done in part to deflect attention from the president's growing list of problems at home, from the investigation of his campaign's alleged ties with Russian Federation to his failed healthcare legislation and blocked travel ban. "We may be at an all-time low with the relationship with Russian Federation". It ended Wednesday with a 0.55 percent loss following Trump's comments. We talked trade. We talked a lot of things. Rather than acknowledge his earlier misjudgment, however, in declaring his support for North Atlantic Treaty Organisation during a press conference with NATO's secretary-general, the president said the alliance was no longer obsolete and had begun fighting terrorism.

Through a mixture of design and accident, the President has ended up with a strong foreign and security team, and this is starting to show. McCaul was a member of Trump's transition team, but left the group when Trump sidelined New Jersey Governor Chris Christie shortly after the election.

The two leaders also had a telephonic call on Wednesday, when they discussed the situations in North Korea and Syria.

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