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...
US President Donald Trump announced Friday he will no longer attend the opening of the new US embassy in London, , a move welcomed by critics in Britain who had planned mass protests.
He wrote on Twitter that he was abandoning the trip — initially scheduled for next month — because he did not like the location and price tag of the new building.
“Reason I canceled my trip to London is that I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for “peanuts,” only to build a new one in an off location for 1.2 billion dollars,” Trump wrote.
“Bad deal. Wanted me to cut ribbon-NO!”
Trump has also been offered a state visit to Britain, and Prime Minister Theresa May’s office said Friday that nothing has changed, although no date has been set.
There had been strong opposition to the invitation, at first over Trump’s travel ban on Muslim-majority countries, and then most recently his re-tweet of a far-right organisation, Britain First.
“This is somebody who has promoted hatred and propaganda from a far-right organisation in this country,” said opposition Labour lawmaker Chuka Umunna, saying Trump’s decision not to come was “very welcome.”
Stephen Doughty, another Labour MP, tweeted: “Reason @realDonaldTrump cancelled trip to London is that we are not a big fan of his racist, sexist, unthinking behaviour.
“Big protests if he came to cut ribbon. He wanted the red carpet treatment and cheering crowds – NO!”
But leading Brexit campaigner Nigel Farage, who visited Trump following his election, said the decision was “disappointing”.
He said that plans for protests by Labour leader Jeremy Corbyn and the Labour mayor of London, Sadiq Khan — who has traded barbs with Trump on Twitter — may have been a factor.
“Maybe, just maybe, Sadiq Khan, Jeremy Corbyn and the Labour party planning mass protests, maybe those optics he didn’t like the look of,” he said.
– South of the river –
Asked about Trump’s stated reasons for refusing to open the new embassy, Farage replied: “He’s the real estate guy.”
Asked about Trump’s stated reasons for refusing to open the new embassy, Farage replied: “He’s the real estate guy.”
The decision to move the embassy from its prestigious location in Mayfair, central London, was taken by the administration of former Republican president George W. Bush in October 2008.
The new 12-storey, cube-shaped building, which is due to open to the public on January 16, has been built in a nondescript area south of the River Thames, which is now subject to a major regeneration project.
As recently as January 7, May reiterated that the state visit is still planned, saying “Trump is coming to the UK.”
However, relations between the pair have been strained since May became the first foreign leader to visit Trump following his inauguration in January 2017.
In November, she said the president was “wrong” to re-tweet anti-Muslim videos posted by Britain First, prompting an extraordinary rebuke from the White House.
“Don’t focus on me, focus on the destructive Radical Islamic Terrorism that is taking place within the United Kingdom,” Trump hit back.
May stressed afterwards that Britain and the United States have “a long-term special relationship… it is an enduring relationship that is there because its in both our nations’ interests”.
Comments
Post a Comment