Skip to main content

World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
6 comments

Trump warns McCain: ‘I fight back, and it won’t be pretty’. mmm



US President Donald Trump reignited a long-standing feud with John McCain Tuesday, warning "I fight back, and it won't be pretty" after the respected senator appeared to take aim at him in a speech.
The relationship between the pair -- one a veteran lawmaker and war hero, the other a real estate tycoon and political neophyte before he assumed the presidency -- has long been testy.
But the acrimony has risen to a new level with Trump's latest threats, which come just over a week after a war-of-words with another senior legislator from his own party, Bob Corker.
Speaking on Monday night at an event in Philadelphia to honor his life's achievements, McCain had railed against the "America First" approach espoused by the Trump administration.
"To refuse the obligations of international leadership...for the sake of some half-baked, spurious nationalism cooked up by people who would rather find scapegoats than solve problems is as unpatriotic as an attachment to any other tired dogma of the past," said the 81-year-old, who was diagnosed with brain cancer in July.
Trump lashed out Tuesday, telling conservative radio host Chris Plante: "People have to be careful because at some point I fight back.
"I'm being very nice. I'm being very, very nice. But at some point I fight back, and it won't be pretty."
McCain has proved a thorn in Trump's side in recent months, twice helping to scupper Republican attempts to repeal a healthcare law that was a signature accomplishment of former president Barack Obama.
Asked by AFP what he made of the president's latest missive, McCain shrugged the matter off. "I do what I have to do and I work with him as much as I can, and I do what I need to do for the people of Arizona," he said.
Regarding the president's suggestion he would fight back, he responded simply: "I have faced some pretty tough adversaries in my life."
- 'Lincolnesque' -
The Trump-McCain feud has a long history.
Trump -- who in addition to being a businessman was also a reality TV star winning the White House -- questioned McCain's military record in July 2015, earning widespread rebuke for saying "I like people who weren't captured" in comments that threatened to derail his presidential ambitions just a month after announcing his bid.
Former Navy pilot McCain spent more than five years as a prisoner of war in North Vietnam where he was tortured, while Trump received student and medical deferments that prevented him from being enlisted in the conflict.
In August, McCain broke party ranks to call Trump "often poorly informed," adding he "can be impulsive in his speech and conduct."
Some political observers wondered whether his votes against Republican attempts to repeal Obamacare -- one of Trump's main campaign promises -- were influenced by the desire for revenge.
McCain on Monday received the backing of another long-time Trump critic Mitt Romney, who was also the Republican candidate for president in 2012.
"Ran against him, sometimes disagree, but proud to be a friend of @SenJohnMcCain: hero, champion of character and last night, Lincolnesque," said Romney.
The latest battle with a senior member of the Republican party comes after Trump engaged in a heated exchange with senior Senator Bob Corker, who accused the president of pushing the country to the brink of World War III.
Trump's frequent sparring with congressional leaders is seen as perhaps damaging to his legislative agenda, with a potentially bruising fight for tax-reforms that could divide his party on the horizon.
Republicans currently hold only a slim majority in the Senate, with 52 of the chamber's 100 seats.

Comments

Post a Comment

Popular posts from this blog

World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain
6 comments
Read more

How to Migrate from Bootstrap Version 3 to Advance Bootstrap 4.

This article would illustrate and expatiate on how to  migrate from Bootstrap 3 to Bootstrap 4 ? You’re in luck; today we’ll walk through the changes and new features between versions. The changes you need to make are generally just class renames and some set-up. To save you a lot of time scouring the changelog, I have compiled a list of the things you need to know when migrating from Bootstrap 3 to Bootstrap 4. We will start by discussing the changes made in Bootstrap 4 framework and how it will affect your website performance. Then we will examine the new way of  installing bootstrap and how the grid measurement unit  has change and how  flexbox can help on responsive designs . We will also discuss changes to some of the components and take a look what happens to JavaScript on the new version. Finally, we’ll take a look at some of the new components including cards, tooltips and flexbox. If you are getting ready to migrate a site from the old Bootstrap version to Boot
Post a Comment
Read more

Saturated Fats vs. Unsaturated Fats.

Saturated Fats vs. Unsaturated Fats Diffen  ›  Food  ›  Diet & Nutrition The human body needs both  saturated fats  and  unsaturated fats  to remain healthy. Most dietary recommendations suggest that, of the daily intake of fat, a higher proportion should be from unsaturated fats, as they are thought to promote  good cholesterol  and help prevent cardiovascular disease, whereas an overabundance of saturated fats is thought to promote bad cholesterol. However,  a few studies  have found that little evidence for a strong link between the consumption of saturated fat and cardiovascular disease. Note: It is technically more accurate to call saturated and unsaturated fats types of  fatty acids , as it is specifically the  fatty acid  found in a fat that is either saturated or unsaturated. However, referring to fatty acids as fats is common. Comparison chart Saturated Fats versus Unsaturated Fats comparison chart Saturated Fats Unsaturated Fats Type of bonds Cons
Post a Comment
Read more