Tag: Trump

  • Trump lashes out at U.S allies

    United States President, Donald Trump, has fired off a string of angry tweets criticising America’s closest allies hours after leaving a divisive G7 summit in Canada.

    Mr. Trump said the U.S paid “close to the entire cost of Non-Alliance Treaty Organisation (NATO)” to help protect countries that “rip us off on trade.”

    “Fair trade is now to be called fool trade,” he added in response to the threat of new tariffs against the U.S.

    The BBC reports that Canadian Prime Minister, Justin Trudeau, has vowed retaliatory action next month over U.S tariffs on steel and aluminium.

    Mr. Trump has also attacked Mr. Trudeau personally, suggesting the Canadian prime minister is “very dishonest and weak” and “acts hurt when called out.”

  • Trump proposes tariff free G7 at summit

    United States President, Donald Trump, said he proposed the elimination of tariffs in talks at the G7 summit in Canada, as the major industrial nations struggled to resolve differences on trade.

    Mr. Trump said talks with fellow leaders were “extremely productive” despite tensions over his decision to impose tariffs on steel and aluminium imports, the BBC reports.

    U.S allies were furious over the move, raising fears of a global trade war.

    Mr. Trump left early for a landmark meeting with North Korea’s leader.

    He is travelling to Singapore to meet with Kim Jong-un on Tuesday to try to persuade him to give up the country’s nuclear weapons.

    G7 leaders are yet to comment on Trump’s free trade remarks, but the official Instagram account of German Chancellor Angela Merkel posted a photo of the leaders gathered in what appeared to be a tense meeting.

  • G7 summit dogged by rifts between U.S and allies

    Talks at the G7 summit in Canada have failed to resolve deep differences between United States President, Donald Trump and leaders of major industrial nations.

    The divisions were laid bare on Friday, notably over trade.

    Allies of the U.S are furious over Mr. Trump’s recent decision to impose tariffs on steel and aluminium imports, raising fears of a global trade war, the BBC reports.

    It is unclear whether a communique agreed by all will be released when the meeting concludes later on Saturday.

    The two-day summit is being held in the town of La Malbaie, in Quebec province.

    Mr. Trump is due to leave early on Saturday to head to Singapore for a landmark meeting with North Korean leader, Kim Jong-un.

    This summit started very badly, and it could end without the usual communique agreed by all.

    Divisions between Mr Trump and the other six leaders go way beyond trade – they include climate change, relations with Iran and the Israel-Palestinian conflict.

    German Chancellor Angela Merkel is one of those arguing it might be better to set out those differences clearly rather than give a false impression of unity.

    It’s more honest, she said, than pretending everything’s OK.

     

  • Luther King’s daughter rejects claim that her father would be ‘proud of’ Trump

    The daughter of Martin Luther King has turned down a claim that the major icon of the U.S. civil rights movements would have been “proud of” Donald Trump.

    In a series of tweets, King’s daughter, Bernice King rejected Steve Bannon’s claim that King would be proud of Trump’s policies. Bannon “has dangerously and erroneously co-opted my father’s name, work and words,” Bernice wrote.

    The assertion “wholly ignores Daddy’s commitment to people of all races, nationalities, etc. being treated with dignity and respect,” she wrote.

    Steve Bannon, Trump’s former chief strategist, said Wednesday on BBC News night program that “if you look at the policies of Donald Trump, anybody would be proud of him, of what he’s done for the black and Hispanic community for jobs.”

    Read Also: Trump pulls U.S. out of Iran deal, reinstates sanctions

    He told BBC that King would have approved of the president’s anti-immigration policies as they stop “illegal alien labor forces” from competing with black Americans for jobs everyday.

    However, Bernice said the claim has ignored many of King’s values, and her father would be “extremely disturbed” by recent events. “My father’s concerns were not sectional, but global. He was an activist for the civil rights of Black people in America, but he was also an activist for human rights,” she tweeted.

    “Furthermore, he would have not refer to people as ‘illegal aliens.’ The term is degrading and does not reflect to his belief,  that we are all a part of the human family,” she added.

    Bannon was chief executive of the Trump campaign in its final three months during the 2016 U.S. elections. He became the chief strategist after Trump took office in January 2017 and left the White House in August.

    NAN

  • Trump cancels summit with North Korea’s leader

    United States President, Donald Trump, has cancelled a summit with North Korean leader, Kim Jong-un, blaming “tremendous anger and open hostility” from the North.

    He said it was possible a meeting could still take place but warned North Korea against committing “foolish” acts, the BBC reports.

    The summit aimed to rid the Korean peninsula of nuclear weapons and would have been the first time a sitting U.S President met a North Korean leader.

    But doubts had emerged on both sides whether the talks would take place.

    Mr. Trump’s announcement marked a fresh twist in the turbulent relationship between him and Mr. Kim.

    Last year saw the two exchange lurid insults.

    This year though has seen warmer relations, including the release of three U.S detainees in North Korea.

    The move came just hours after North Korea said it had dismantled tunnels at its only nuclear test site in a move witnessed by foreign journalists.

  • Summit with North Korea’s leader may be delayed – Trump

    United States President, Donald Trump, has said there is a “very substantial chance” a historic summit with North Korea’s Kim Jong-un next month may not happen.

    He said the North must meet conditions for the summit to go ahead though if it did not, it might happen “later.”

    Trump was speaking as he received South Korea’s President, Moon Jae-in, at the White House, the BBC reports.

    The North has said it may cancel the summit if the U.S insists on it giving up nuclear weapons unilaterally.

    Mr. Trump did not say what conditions the U.S had set for the summit but, asked by a reporter about the North’s arsenal, he said “denuclearisation must take place.”

    The June 12 summit is due to take place in Singapore. It follows a summit between the two Korean leaders in April.

    North Korea is expected to dismantle a nuclear test site this week as a good will gesture but the demolition may be delayed by bad weather.

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  • Trump contradicts adviser on North Korea

    United States President, Donald Trump, has contradicted his own national security adviser, saying the so-called “Libya model” for denuclearisation is not being pursued with North Korea.

    The suggestion by John Bolton angered the North, which threatened to pull out of a summit with Mr. Trump next month, the BBC reports.

    Mr. Trump said he still thought a summit would happen.

    In 2003, the late Libyan leader, Muammar Gaddafi, agreed to give up his nuclear programme in exchange for a lifting of sanctions.

    However, he was killed by Western-backed rebels years later – a comparison that appears to have alarmed North Korean leader Kim Jong-un.

    Pyongyang warned on Wednesday that it might not attend the talks, due to take place in Singapore on June 12.

    As Mr. Bolton looked on, the U.S President said: “The Libyan model isn’t a model that we have at all when we’re thinking of North Korea.”

    The deal Mr. Trump was considering with Kim Jong-un would be “something where he’d be there, he’d be in his country, he’d be running his country, his country would be very rich.

    “If you look at South Korea, this would be really a South Korean model in terms of their industry. They’re hard-working, incredible people.”

     

  • Trump and his Middle East Policy

    President Trump’s threat to pull out of the agreement with Iran to prevent it acquiring nuclear weapon is not a wise move .The agreement under the Obama administration was negotiated by the p5+1 meaning the United States, Great Britain , France, China , Russia and Germany. The five countries are permanent members of the United Nations Security Council ( UNSC) while Germany is the most important country in Europe but for having lost the Second World War is not a member of the UNSC.when  kofi Annan was  Secretary General Of the United Nations (UNSG) there was a spirited attempt to review and restructure the Security Council which would have possibly brought into it countries like Germany, India, Nigeria, Brazil , Japan and May be Turkey, Egypt or Iran to represent the Muslims and the Middle East geo-political region.It seems the whole idea remains for the time being dead.

    In a nutshell the deal tries to deny Iran the  possibility of access to the material it would need to make nuclear bombs by stating that Iran’s uranium stockpile will be reduced by 98% to 300kg for 15 years. It also stipulates that the level of enrichment must also remain at 3.67%. Iran will retain no more than 6104 out of the 20,000 centrifuges it possesses . Iran was also to be subjected to intrusive  International Atomic Energy Agency (IAEA) monitoring . This Agency Of The UN  based in Vienna is an International organization that seeks to promote the peaceful use of nuclear energy and to inhibit its use for any military purpose including nuclear weapons. Since the agreement with Iran was signed in 2015 the country has been in compliance with the terms of the agreement. The agreement in some areas is to be in force for 25 years and in some areas for 10 years . But the Iranians are saying that Iran clearly stated that it will never become a nuclear weapons state because possession of weapons of mass destruction is against the dictates of Islam . Opponents of the deal particularly the Israeli prime minister  Benjamin Netanyahu  accuses Iran of lying when it said it never planned to have nuclear weapons in the first instance. Netanyahu in secretly acquired Iranian  nuclear research  documents  exposed what he suggested was Iranian advanced plans to build atomic bombs up to 2013 .Because of this and implied hiding of the program from the  p5+1 during the negotiations Iran should not be trusted and compensated by lifting of UN sanctions on the country. Of course Israel itself a nuclear power is an interested party and it can be expected to exaggerate alleged Iranian perfidy up to 2015 when the agreement came into being. Those who negotiated the deal say there is nothing new in what Netanyahu is saying because they were aware of Iran’s advanced knowledge of nuclear research and that  ,that was why they signed the deal with Iran.

    But right now Europe as represented by Britain , France , Germany and Russia as well  as China and the IAEA are saying Iran is in compliance with its  international obligations. Both  President Macron of France and  chancellor Angela Merkel of Germany have made trips to  Washington DC to persuade Trump that he should stay in the Iranian deal. Nobody knows what the mercurial President Of America would do on May 12 when he has to certify the agreement or pull out the United States out of it . This particular American President seems to be bent  on undoing whatever Barack Obama his predecessor did in office in order to wipe out the latter’ s legacies. Trump appears to have a point when he said Iran has not been a force for good in the Middle East in recent times . He points to Iran’s military adventures in Yemen , Syria, Lebanon ,and Iraq where Iran is actively involved in either supporting the Hisbollah in Lebanon , the Hoothies in Yemen , the Shi’a militia in Iraq and the Shi’a Alawite in Syria and those rebelling against the regime of Abdel Fattah el – Sisi  in Egypt. Trump argues that lifting of sanctions against Iran and America’s  return of Iranian funds confiscated following the Iranian revolution against the shah in 1979 has financially empowered Iran to such an extent that it can support all kinds of incendiary movements all over the Middle East including giving the Houthis rockets to fire at Saudi Arabia. Trump also complains that the agreement should have captured Iranian missile program  which poses potential threat not only to Israel but even some European countries since some Iranian missiles have a range of 1000 miles. The response to Trump was that there was an urgency to stop Iran from developing nuclear weapons and that including other issues would have deadlocked the negotiations and that short of war what was agreed was the best option in that period and circumstance .

    What therefore is the way forward.?  If America pulls out of the Iran deal the other signatories May continue with it but because America would sanction any country that trades with Iran this may constrain countries like China and the European Union countries like Germany, France and Great Britain from flouting American laws prohibiting trade with its enemy .in other words American withdrawal may have devastating effect on the deal if it does not kill it outright.And if the USA kills it Iran would withdraw from it and we would be back to status quo ante . Iran would then go back to its nuclear weapons program.  How would this then be in favor of Israel and the rest of the world ? Trump says Iran would not be allowed to develop nuclear weapons . But how will he stop Iran from doing this apart from going to war or preemptive strike perhaps in collaboration with Israel, to destroy whatever is known about Iranian nuclear weapons infrastructure.This will be dangerous for every country in the Middle East because Iran is a powerful country with the ability to set the whole of the Middle East on fire exploiting the Sunni/ Shi’a schism within Islam . Abrogating the Iranian deal may also have unintended effect on the planned deal with North Korea. This is because North Korea may feel whatever agreement it reaches with the Trump administration may be cancelled by its successor and may therefore not be as forthcoming as it would have been .

    The option suggested by  President Macron and  chancellor Merkel that the deal should be maintained while  an addendum on missile development should be separately negotiated with Iran  makes sense . The question to ask is if Iran will agree to do this . Iran may not agree to do this and if it agrees it may say a comprehensive nuclear weapons agreement including with the state of Israel would have to be put on the table. This will then become a complex negotiation and the more complex  it is the less the likelihood of agreement and in the meantime the  Iranian nuclear bomb  program will be progressing without internationally binding constraint as it is now.

    The irony of all these is that Trump says he wants to withdraw from the Middle East cauldron yet by threatening to abrogate the Iranian deal he will get sucked more into the Middle East . America  is dangerously goading Saudi Arabia to resist Iranian influence  and if shove comes to push Sunni  Egypt would line up on the side of Saudi Arabia and the whole of the Middle East will be sucked into a Sunni / Shi’a problem bringing in at the periphery  Sunni states of Turkey and Pakistan . The world does not want this and the earlier we realize this the better but the onus on Iran is to moderate its desire to spread its influence in the Middle East .The people of the Middle East have suffered too much  in the last decade beginning with the  so called “Arab spring “ which has now morphed into “Arab winter” with wars in Syria , Yemen , Iraq, the Sinai part of Egypt , Libya , Lebanon  , Algeria  and Palestine  and even small Qatar is not left out the problems. What the Arabs want is to be left  alone to develop their lands and not to spend trillions of dollars acquiring deadly weapons from America, China, Russia and the European Union  to fight one another.

  • Buhari, Trump and Obasanjo

    EVIDENTLY buoyed by the outcome of his state visit to the United States, President Buhari has been quite upbeat in reporting and reminiscing about his interactions with the flaky and cantankerous President Donald Trump. In one widely publicised photograph of the visit, the US president leaned fondly over President Buhari with an avuncular grin and a penetrating gaze at the camera. The Nigerian president himself beamed as he signed the visitors register. There are no details yet to illustrate how well President Buhari held his own during his private meeting with the abrasive and impatient Mr Trump. But if their joint press conference is any guide, then President Buhari’s lingering and celebratory mood may be hard to explain or justify. The Nigerian president managed to avoid a disaster, but there were many gaffes and uninspiring moments, with the American president coming to his aid now and again.

    Perhaps feeling justified that the president’s unimpressive performance was striking enough for everyone to see, former president Olusegun Obasanjo used the US visit as a handy tool to fiercely debunk social media gossips suggesting that he had endorsed the president’s re-election bid on account of that visit. Ex-president Obasanjo was excoriating, according to a statement by his spokesman, Kehinde Akinyemi. He writes: “For the record, Obasanjo has not and cannot endorse failure. His position remains as stated in his January 23, 2018 statement on the state of the nation. Chief Obasanjo sympathises with the plight of the campaigners and supporters of Buhari. He doesn’t believe dishing out fake news that can only be believed by imbeciles will turn black into white. Nigerians know that Chief Obasanjo has only spoken the truth about widening poverty, alienation and social disunity and near disintegration of the country through Buhari’s incompetence. Obasanjo will continue to exercise his right to free speech and no amount of hate speech will assuage Nigerians who are in need of a brand new leadership. The mediocre performance of Buhari cannot be described by anybody as ‘superlative’ even by morons, not the least President Obasanjo.”

    Obviously, there will be no let up in the former president’s attacks against President Buhari, especially as the general elections draw near. But expect, as the president’s exultant mood in the US showed, a more confident and daring President Buhari to boldly take on his enemies, including Dr Obasanjo, who until last week the presidency treated with deferential esteem.

  • Blockchain technology, Buhari and Trump

    Poverty  Alleviation  is pet  project  of mine and takes  a lot  of my time in terms of reading and research. My   abiding interest in the subject  is   based  on my belief  that the world will be a better place if each  human  being can eke  a  decent   living   above subsistence  level  and take care of his or her  family with an  assured income or means of  sustenance. You  may track my  obsession with poverty alleviation  to the Socialist  ideal  that the rich  man  cannot sleep  well  when  surrounded by  hungry  neighbours  and you may  be right. But  really  that is what  is at the back of my mind in treating today’s  topic   which emanated    from   three   events  that  happened  this last  week.

    The  first  was the   US  visit of the Nigerian  President Muhammadu  Buhari  and his warm  welcome by  his host, the American President  Donald  Trump.  The  second  is the Inaugural  Blockchain  Africa Conference taking place at The Wheatbaker in Ikoyi  Lagos  Nigeria on  Monday May 7 and the import  of that  for  both  Nigeria and the  US  and  of course  how that affects poverty  alleviation. The   third was the video I watched on Youtube  on the travails  and   shortcomings  of Globalisation  by well  known Peruvian Economist Horatio  de Soto  who  had    propounded  the theory or position that   the recognition of property rights  for  the poor   in developing  nations can  mitigate  the pervading negative effects of globalization  and lift  the  world’s  suffering masses  out  of poverty. Now   I  think  you can  see  how   and why  I am in love with this Peruvian Economist.

    To  me,  anyone who  can promote the creed of  poverty alleviation  and show that it is not an economic mirage certainly  has my  unflinching  admiration.  Indeed  I see  today’s  topic  in the context of  de Soto’s  theory  that the developed   world  evolved  from  the people as a nation, then the   coming  and exploitation   of   capital  and lastly  the rule of law. America in particular in the video evolved from, settlements in the frontiers, through the Industrial Revolution icon, the steam  engine and the railroads,  followed by property  rights, which created   and cemented   the rule of law.  De Soto  affirms  that two  thirds  of the population of the world is living in poverty because  of globalization  while only a third enjoys the fruits of globalization which  he insists are  abundant and economically rewarding  and beneficial  for the lucky  third of the world. The  rest, that is us in Africa, Asia, the Middle  East  wallow in poverty because we  have been  cut  off by our  lack  of recognition  and identification  of  property  rights for  our citizens, who in that state  of existence  constitute Dead Capital. In  giving  property  rights to  such  poor  citizens  they  can use  the property as collateral  to borrow  money  and invest and enter  the modern economy  and thereby  lift  themselves  out  of poverty.

    This  ties in beautifully  with  the nature  of the new  Blockchain   Technology  holding its Africa Confab here in Lagos  at  the Wheatbaker  in Ikoyi  on  Monday.  Blockchain Technology  is a revolutionary  financial technology   which  creates a  digital  financial  landscape  of records, registration  and distribution of information in a transparent  manner.  It  eliminates  third party  participation and makes financial  transactions available  to  anyone who  wants to be involved. For  security it uses private key cryptology   and the internet  for records  and  a    protocol  for authorization. Blockchain  Technology  like property  rights in de Soto’s  theory opens the financial  world not only to banks, lawyers  and accountants  but  to all  and sundry.  Indeed  Blockchain  Technology aims  intrinsically  to eliminate  middle  men  in  financial  transactions.

    For  clarity  of purpose   let  me define Blockchain  and Cryptocurrency  which  are some of the newest  words in the authoritative  Merriam Webster  dictionary. It  says   ‘Blockchain [n]is  a  digital  database containing information [such as records of financial  transaction ] that can  be  simultaineously   used  and shared   within  a large  decentralized, publicly accessible network  also;  the   technology  used to  create such  database, first  known use 2011 ‘This  dictionary  also   defined  ‘Crypto currency – any  form  of currency that only exists digitally, that  usually  has no central   issuing or regulating authority but instead  uses a decentralized  system  to record transactions and manage the  issuance of new units and that relies on cryptography to prevent  counterfeiting and fraudulent  transactions.  First known use 1990.

    With  this in mind let  us look  at  the visit of our   President to the US President  and the  import  of that for poverty  alleviation and  the  relevance  of  Blockchain  Technology  in all  that.   Aside  from their  distinctly  different  backgrounds   as   soldier  and   businessman, both  gentlemen  at  this point  of their chequered  political  career and leadership  of their  nations,  have a lot in common, which  may alarm   many Nigerians  and Americans alike.

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