Senin, 03 Juni 2019

The special relationship: US-UK ties on 'shaky ground' as Trump arrives for three-day visit - CNBC

President Donald Trump's first state visit to Britain comes fraught with the possibility of diplomatic peril, with a Conservative Party leadership contest as well as differences over Huawei and Iran likely to test the resolve of the so-called "special relationship."

The president and his wife, Melania, arrived in the U.K.on Monday  to begin their three-day trip. It will include a private lunch and banquet dinner at Buckingham Palace with Queen Elizabeth II, tea with Prince Charles and a visit to Westminster Abbey.

The visit comes at a time when cracks are widening in the trans-Atlantic relationship, with political analysts concerned his "off-the-cuff" and "impulsive" leadership style could make matters worse over the coming days.

"I would say the special relationship is certainly on shaky ground," Cailin Birch, global economist at the Economist Intelligence Unit, told CNBC via telephone.

Indeed, just before touching down at Stansted Airport, Trump took to Twitter to blast London Mayor Sadiq Khan, who in a weekend opinion piece likened Trump to the fascists who roiled Europe in the 20th century.

"He is a stone cold loser who should focus on crime in London, not me, " Trump said of the mayor.

Trade disputes with countries across the world demonstrate the U.S. president's "America First" approach to bilateral partnerships, Birch said. He added that Trump's combative approach to traditional Western allies represents a "fundamental shift" in U.S. foreign policy.

Some in the U.S. and U.K. have prided themselves on sharing a cultural, political and commercial bond that has long been called the "special relationship."

The phrase was first used in 1946 by then-Prime Minister Winston Churchill, with the U.S. and U.K. having overcome the global turmoil, terror and loss of life of World War II together.

The relationship has since then been marked by ongoing commercial and cultural links, helped by a shared language and a willingness to join in military operations, the fight against the Islamic State militant group in Syria and Iraq being the most recent example.

But with Trump in the White House, the conventional rules of diplomacy have been ripped up and the dynamic between the U.S. and the U.K., and the rest of the world, is changing. Whether the "special relationship" can survive appears increasingly uncertain.

Leadership contest

Birch highlighted the Conservative Party leadership contest as one potential diplomatic pitfall, with the U.S. president "unlikely" to show much respect to what he sees as a lame-duck leader.

Prime Minister Theresa May announced the timetable for her resignation last month, finally bowing to intense political pressure over the country's Brexit impasse. She will remain as prime minister until after Trump's visit is over, with a replacement set to be appointed over the coming weeks.

Ahead of his visit to the U.K., Trump suggested he might meet with Brexit Party leader Nigel Farage and Conservative lawmaker Boris Johnson.

Foreign Secretary Boris Johnson arrives at Downing Street ahead of the weekly cabinet meeting on July 3, 2018 in London, England.

Dan Kitwood | Getty Images

In an impromptu exchange with reporters at the White House on Thursday, Trump described them both as "friends" and "good guys."

The U.S. president has since reaffirmed his admiration for Johnson, who is currently the bookmakers favorite to replace May.

"I know the different players. But I think Boris would do a very good job. I think he would be excellent. I like him. I have always liked him," Trump told the Sun newspaper in an interview published Friday.

Huawei

"The important thing to understand is that the special relationship is not really about the president and the prime minister," Jacob Parakilas, deputy head of the U.S. and Americas program at the think tank Chatham House in London, told CNBC via telephone.

"Having said that, there are a few issues that pose fairly substantial risks to its core elements."

One of those issues, and the "most urgent" according to Parakilas, is a simmering dispute over Chinese telecommunications giant Huawei.

Britain has indicated Huawei would be allowed a restricted role in building parts of its next generation 5G communication network. The network is set to bring faster internet speeds and lower lag times — it has tremendous potential to change the way people interact with new technologies.

The U.S. has told allies not to use Huawei's equipment because of fears it could be used by the Chinese for spying, accusations the telecoms giant has categorically denied.

Last month, it was reported the British government would allow Huawei to build out parts of its 5G wireless networks, which would defy U.S. demands for a blanket ban.

Trump is reportedly poised to tell the British government in person that Washington may limit intelligence sharing with the U.K. if it allows Huawei to build part of its new 5G network.

Iran

The other "big issue" for U.S and U.K. officials to discuss, according to Parakilas, would be what to do next when it comes to Iran.

Speaking shortly before Trump's visit to Britain, U.S. National Security Adviser John Bolton said the "threat was not over" from Iran and the country would be "held accountable."

His comments came amid intensifying tensions between the Trump administration and Western allies, including Britain, over the Iran nuclear deal.

Tehran, under pressure from heavy U.S. sanctions, announced an end to some of its commitments to the 2015 Iranian nuclear deal late last month, which was meant to curtail the country's nuclear program in exchange for financial relief.

U.K. Foreign Secretary Jeremy Hunt, who is also in the running to replace to May, said last month that London and Washington agree Iran should not be allowed to acquire nuclear weapons, but they had a different approach to achieving this goal.

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https://www.cnbc.com/2019/06/03/trump-visit-us-uk-special-relationship-on-shaky-ground.html

2019-06-03 11:17:58Z
52780307257341

President Trump calls Sadiq Khan 'stone cold loser' - BBC News - Go News

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https://www.youtube.com/watch?v=xyX8XFmsLFE

2019-06-03 11:31:24Z
CAIiEGQvTNgWSHnxUrBmeaDhH9IqGQgEKhAIACoHCAowtsSPCzC_46IDMJKhsQY

Tariffs on Mexican imports will ripple across the US economy - CNN

In the first three months of the year, Mexico has moved past Canada and China to become the United States' largest trading partner, in terms of the value of goods moving back and forth over the border, with about $50 billion a month in imports and exports so far this year.
The tariffs President Donald Trump has threatened against Mexico would be broad, covering basically everything coming north across the border. They aren't targeted, the way tariffs are typically levied. The impact on business, consumers and the economy could be similarly widespread.
"This is going to be felt by every sector and it's going to be felt by consumers. Not just by businesses. Not just the auto industry. It's going to be felt more widely and deeply than previous tariffs were felt," said Neil Bradley, chief policy officer for the US Chamber of Commerce.
Economists, stunned by the Trump administration's recent action against Mexico, were not prepared to make predictions about how much prices will increase for Americans, because they never considered such an action would take place. Blindsided businesses haven't had time to determine how to replace existing supply chains with other sources, adding stress to American companies.
But some industries could be particularly hard-hit by tariffs on Mexican goods.
The United States imported $59 billion of auto parts from Mexico last year and an additional $52 billion in completed cars. Deutsche Bank estimates that if the tariffs reach 25%, it will add an average of $1,300 to the price of US cars.
Demand for American-made cars could plunge 18% if the tariffs are enacted, according to that estimate. That would be the biggest drop in car sales since the auto industry teetered on ruin ten years ago during the Great Recession.

Electronics

A fifth of computer and electronic equipment imports come from Mexico, according to Goldman Sachs. That's about $44 billion a year in electronics. Mexican televisions, monitor displays and equipment came to more than $9 billion, or more than 35% of those imports.
The United States is also set to raise tariffs on imports from China, which is another huge source of electronics. Businesses in that sector probably won't be able to escape increased costs.
America's oil industry is booming, but Mexico has become an more important source of oil for the United States, because of the cutback in production by Saudi Arabia and other OPEC nations, as well as the virtual halt of oil coming in from Venezuela.
Mexico sent about $1 billion worth of oil a month north across the border so far this year. That accounted for about 10% of all US oil imports so far this year -- nearly as much as Saudi Arabia exported to the United States. Gas prices have been stubbornly high this year because of the OPEC and Venezuelan cutbacks, and tariffs on such a significant source of oil could boost prices even further.

Wires, cables and conductors

The United States imports $12 billion worth of Mexican wires, cables and conductors: about 50% of America's imports in the market. Although it's not the type of product that many consumers think about, American manufacturers use the components to make all types of goods.
The the low-cost supply from Mexico makes the American goods they go into competitive.

Food products

Eating healthy is going to get more expensive with a 25% tariff on the $15 billion worth of vegetables imported from Mexico. About 35% of all vegetable imports to the United States come from Mexico.
Add in beverages, meats and cereal and Mexican food imports top $24 billion, or about 26% of all imported food to the Untied States, according to Goldman Sachs' figures.
A 25% tariff on avocados would raises costs in the United States by $575 million each year, said Johan Gott, principal at consulting firm AT Kearney. Tomatoes would cost $300 million more. Cucumbers prices would rise by $116 million, and asparagus would cost Americans $107 million each year.
If the tariff remains at 25%, the cost to the beer industry will be $984 million per year, according to the Beer Institute, a trade association for the brewing industry.

Air conditioners, refrigerators, furnaces and ovens

Mexico exported $8.4 billion worth of appliances to the United States last year, which amounted to 44% of American imports in that sector, according to Goldman Sachs.
Dishwashers, laundry machines and other household appliances added another $1.1 billion worth of imports from Mexico.

A potentially bigger threat

The tariffs won't apply to the goods that American farmers and manufacturers send to Mexico. But Mexico could quickly levy their own tariffs on US goods.
"What we've seen in the last year, when one country raises tariffs, retaliation is not far behind," said John Murphy, senior vice president, international affairs, for the US Chamber of Commerce, one of the groups opposing the tariffs.
"Tariffs are sand in the gears of the economy," he said. "They reduce our competitiveness."
-- CNN Business' Nathaniel Meyersohn contributed to this report

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https://www.cnn.com/2019/06/03/business/mexican-imports-us-economy/index.html

2019-06-03 11:49:56Z
52780305674640

The special relationship: US-UK ties on 'shaky ground' as Trump arrives for three-day visit - CNBC

President Donald Trump's first state visit to Britain comes fraught with the possibility of diplomatic peril, with a Conservative Party leadership contest as well as differences over Huawei and Iran likely to test the resolve of the so-called "special relationship."

The president and his wife, Melania, arrived in the U.K.on Monday  to begin their three-day trip. It will include a private lunch and banquet dinner at Buckingham Palace with Queen Elizabeth II, tea with Prince Charles and a visit to Westminster Abbey.

The visit comes at a time when cracks are widening in the trans-Atlantic relationship, with political analysts concerned his "off-the-cuff" and "impulsive" leadership style could make matters worse over the coming days.

"I would say the special relationship is certainly on shaky ground," Cailin Birch, global economist at the Economist Intelligence Unit, told CNBC via telephone.

Indeed, just before touching down at Stansted Airport, Trump took to Twitter to blast London Mayor Sadiq Khan, who in a weekend opinion piece likened Trump to the fascists who roiled Europe in the 20th century.

"He is a stone cold loser who should focus on crime in London, not me, " Trump said of the mayor.

Trade disputes with countries across the world demonstrate the U.S. president's "America First" approach to bilateral partnerships, Birch said. He added that Trump's combative approach to traditional Western allies represents a "fundamental shift" in U.S. foreign policy.

Some in the U.S. and U.K. have prided themselves on sharing a cultural, political and commercial bond that has long been called the "special relationship."

The phrase was first used in 1946 by then-Prime Minister Winston Churchill, with the U.S. and U.K. having overcome the global turmoil, terror and loss of life of World War II together.

The relationship has since then been marked by ongoing commercial and cultural links, helped by a shared language and a willingness to join in military operations, the fight against the Islamic State militant group in Syria and Iraq being the most recent example.

But with Trump in the White House, the conventional rules of diplomacy have been ripped up and the dynamic between the U.S. and the U.K., and the rest of the world, is changing. Whether the "special relationship" can survive appears increasingly uncertain.

Leadership contest

Birch highlighted the Conservative Party leadership contest as one potential diplomatic pitfall, with the U.S. president "unlikely" to show much respect to what he sees as a lame-duck leader.

Prime Minister Theresa May announced the timetable for her resignation last month, finally bowing to intense political pressure over the country's Brexit impasse. She will remain as prime minister until after Trump's visit is over, with a replacement set to be appointed over the coming weeks.

Ahead of his visit to the U.K., Trump suggested he might meet with Brexit Party leader Nigel Farage and Conservative lawmaker Boris Johnson.

Foreign Secretary Boris Johnson arrives at Downing Street ahead of the weekly cabinet meeting on July 3, 2018 in London, England.

Dan Kitwood | Getty Images

In an impromptu exchange with reporters at the White House on Thursday, Trump described them both as "friends" and "good guys."

The U.S. president has since reaffirmed his admiration for Johnson, who is currently the bookmakers favorite to replace May.

"I know the different players. But I think Boris would do a very good job. I think he would be excellent. I like him. I have always liked him," Trump told the Sun newspaper in an interview published Friday.

Huawei

"The important thing to understand is that the special relationship is not really about the president and the prime minister," Jacob Parakilas, deputy head of the U.S. and Americas program at the think tank Chatham House in London, told CNBC via telephone.

"Having said that, there are a few issues that pose fairly substantial risks to its core elements."

One of those issues, and the "most urgent" according to Parakilas, is a simmering dispute over Chinese telecommunications giant Huawei.

Britain has indicated Huawei would be allowed a restricted role in building parts of its next generation 5G communication network. The network is set to bring faster internet speeds and lower lag times — it has tremendous potential to change the way people interact with new technologies.

The U.S. has told allies not to use Huawei's equipment because of fears it could be used by the Chinese for spying, accusations the telecoms giant has categorically denied.

Last month, it was reported the British government would allow Huawei to build out parts of its 5G wireless networks, which would defy U.S. demands for a blanket ban.

Trump is reportedly poised to tell the British government in person that Washington may limit intelligence sharing with the U.K. if it allows Huawei to build part of its new 5G network.

Iran

The other "big issue" for U.S and U.K. officials to discuss, according to Parakilas, would be what to do next when it comes to Iran.

Speaking shortly before Trump's visit to Britain, U.S. National Security Adviser John Bolton said the "threat was not over" from Iran and the country would be "held accountable."

His comments came amid intensifying tensions between the Trump administration and Western allies, including Britain, over the Iran nuclear deal.

Tehran, under pressure from heavy U.S. sanctions, announced an end to some of its commitments to the 2015 Iranian nuclear deal late last month, which was meant to curtail the country's nuclear program in exchange for financial relief.

U.K. Foreign Secretary Jeremy Hunt, who is also in the running to replace to May, said last month that London and Washington agree Iran should not be allowed to acquire nuclear weapons, but they had a different approach to achieving this goal.

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https://www.cnbc.com/2019/06/03/trump-visit-us-uk-special-relationship-on-shaky-ground.html

2019-06-03 11:07:53Z
CAIiEEdVSh6lweBFfzzKaHfgMQgqGQgEKhAIACoHCAow2Nb3CjDivdcCMJ_d7gU

Donald Trump's state visit to the UK: live updates - CNN

The Lofgran and Weed families outside Buckingham Palace.
The Lofgran and Weed families outside Buckingham Palace. CNN

Crowds are beginning to gather outside Buckingham Palace ahead of US President Donald Trump's arrival to meet the Queen.

For two American families, Trump's UK trip came as a surprise. "We were on holiday and just read he was coming, and thought, 'this is going to be interesting!'” Andrea Lofgran, from Arizona, told CNN.

“When we came around the corner and saw the American flag and the Union Jacks together coming down the Mall it sent chills up and down. It was really special," added Lofgran, who is visiting London with her daughter Lauren, nine, and their neighbors Dave and Julia Weed.

“It’s pretty impressive if you think of the Queen and how many presidents she has met. That’s what blows me away," she said.

The Queen has met every US president during her reign, with the exception of Lyndon Johnson. Her first presidential meeting was with Harry Truman in 1951, a year before she ascended to the throne.

"I'm excited to see Marine One and the helicopters," added Lauren.

Joseph Afrane, 55, from London, is used to setting up camp outside Buckingham Palace. The royal fan was in place bright and early. -- wearing a specially-made suit -- as he has been several times for big royal occasions.

"If Her Majesty is holding a very important national event, I will come down as early as half past seven,” he told CNN.

Afrane said he was “very, very excited" about the US President's state visit.

Joseph Afrane in his special suit.
Joseph Afrane in his special suit. CNN

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https://www.cnn.com/politics/live-news/trump-uk-visit-2019-gbr-intl/index.html

2019-06-03 10:35:00Z
52780308436784

Donald Trump's state visit to the UK: live updates - CNN

The Lofgran and Weed families outside Buckingham Palace.
The Lofgran and Weed families outside Buckingham Palace. CNN

Crowds are beginning to gather outside Buckingham Palace ahead of US President Donald Trump's arrival to meet the Queen.

For two American families, Trump's UK trip came as a surprise. "We were on holiday and just read he was coming, and thought, 'this is going to be interesting!'” Andrea Lofgran, from Arizona, told CNN.

“When we came around the corner and saw the American flag and the Union Jacks together coming down the Mall it sent chills up and down. It was really special," added Lofgran, who is visiting London with her daughter Lauren, nine, and their neighbors Dave and Julia Weed.

“It’s pretty impressive if you think of the Queen and how many presidents she has met. That’s what blows me away," she said.

The Queen has met every US president during her reign, with the exception of Lyndon Johnson. Her first presidential meeting was with Harry Truman in 1951, a year before she ascended to the throne.

"I'm excited to see Marine One and the helicopters," added Lauren.

Joseph Afrane, 55, from London, is used to setting up camp outside Buckingham Palace. The royal fan was in place bright and early. -- wearing a specially-made suit -- as he has been several times for big royal occasions.

"If Her Majesty is holding a very important national event, I will come down as early as half past seven,” he told CNN.

Afrane said he was “very, very excited" about the US President's state visit.

Joseph Afrane in his special suit.
Joseph Afrane in his special suit. CNN

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https://www.cnn.com/politics/live-news/trump-uk-visit-2019-gbr-intl/index.html

2019-06-03 10:28:00Z
52780305674640

Donald Trump's state visit to the UK: live updates - CNN

The Lofgran and Weed families outside Buckingham Palace.
The Lofgran and Weed families outside Buckingham Palace. CNN

Crowds are beginning to gather outside Buckingham Palace ahead of US President Donald Trump's arrival to meet the Queen.

For two American families, Trump's UK trip came as a surprise. "We were on holiday and just read he was coming, and thought, 'this is going to be interesting!'” Andrea Lofgran, from Arizona, told CNN.

“When we came around the corner and saw the American flag and the Union Jacks together coming down the Mall it sent chills up and down. It was really special," added Lofgran, who is visiting London with her daughter Lauren, nine, and their neighbors Dave and Julia Weed.

“It’s pretty impressive if you think of the Queen and how many presidents she has met. That’s what blows me away," she said.

The Queen has met every US president during her reign, with the exception of Lyndon Johnson. Her first presidential meeting was with Harry Truman in 1951, a year before she ascended to the throne.

"I'm excited to see Marine One and the helicopters," added Lauren.

Joseph Afrane, 55, from London, is used to setting up camp outside Buckingham Palace. The royal fan was in place bright and early. -- wearing a specially-made suit -- as he has been several times for big royal occasions.

"If Her Majesty is holding a very important national event, I will come down as early as half past seven,” he told CNN.

Afrane said he was “very, very excited" about the US President's state visit.

Joseph Afrane in his special suit.
Joseph Afrane in his special suit. CNN

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https://www.cnn.com/politics/live-news/trump-uk-visit-2019-gbr-intl/index.html

2019-06-03 09:55:00Z
52780308420436