PM Narendra Modi to meet President Trump

#PrimeMinister #NarendraModi #India #President #DonaldTrump #USA #politics #trade

Prime Minister Narendra Modi will be meeting President Trump and discuss on ways to expand the US-India partnership. The meet will happen on June 26 and the discussion will also include topics such as terrorism, possible changes in H-1B visa and ways to enhance business cooperation. According to the White House spokesman Sean Spicer, Trump and Prime Minister Modi have already had a number of positive phone calls.

The talks will discuss US-India trade plans, which has already skyrocketed from $19 billion in 2000 to $115 in 2016, a six-fold increase. US energy and technologies, that have been helping develop India further, will also be a party of the discussion.

However, regardless of US presence in the Paris Climate Deal, Prime Minister Narendra Modi has vowed to the French President Macron that India will go above and beyond for the Paris deal.

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So, Trump will be meeting Narendra Modi. I can’t really tell how the meeting will go. Both the leaders are trying to promote their own country first, and their own domestic manufacturing. Both stand on the opposite sides regarding Climate Change and even the H1-B visa.

Trump tweeted about the Dispute in Middle East

#MiddleEast #politics #US #Trump #Qatar #SaudiArabia #international #trade

Countries such as Saudi Arabia, UAE, Bahrain and Egypt cut ties with the neighbor Qatar, going as far as ordering its diplomats and citizens to leave and threatening deeply intertwined regional trade links and air routes.

Trump, as he is, tweeted that During my recent trip to the Middle East, I stated that there can no longer be funding of Radical Ideology. Leaders pointed to Qatar – look! In another tweet, he mentioned So good to see the Saudi Arabia visit with the King and 50 countries already paying off. They said they would take a hard line on funding extremism, and all reference was pointing to Qatar.

This comes when US has a base located in Qatar, with as many as 10,000 US personnel there.

Also, during the trip to Middle East last month, it was known that Trump personally met with Qatari emir Sheikh Tamim Bin Hamad al-Thani, and said, “We are friends. We’ve been friends now for a long time…. Our relationship is extremely good.”

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This is embarrassing, even for the United States. US, is considered at the top of the chain, and involving itself in such tweets & criticizing is nothing but degrading to the country’s reputation. Trump should understand that, now he not only the leader of his Trump Organization, but rather a leader for the whole country and it’s people.

Dollar slips, Asia stocks mixed

#Business #stocks #investment #commodities #Asia #US #trade

Asian stocks were weaker early on Monday, as Wall Street continued to decline and the G20 dropped a pledge to avoid trade protectionism. Financial leaders from the world’s biggest economies reiterated their warnings against competitive devaluations and disorderly foreign exchange markets at the meeting in the German town of Baden-Baden over the weekend.

On one side leaders such as Shinzo Abe (Japanese Prime Minister) and Angela Merkel (German Chancellor) publicly supported free trade, while on the other side Donald Trump (U.S. President) has made a protectionist stance. Leaders fear that such a stance from the United States, if continued, might spread to other countries, leading a global shift towards protectionism.

Oil prices continued their downward trend as doubts grew about the effectiveness of OPEC cuts in containing a supply glut as U.S. inventories continue to climb. U.S. crude fell 0.6 percent to $48.50 a barrel.

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Trump calls Taiwan

In the major headlines today, Trump called the Taiwanese President Ms. Tsai! This is the first time a US President-elect has made direct phone contact with Taiwan.

According to Trump’s President office White House wasn’t informed about this call before. The statement released by the office also said that the two leaders admitted that “close economic, political and security ties” exist between the two nations.

US has maintained strict relations with Taiwan as China considers Taiwan as its own province whereas the Taiwanese government think of Taiwan as an independent nation. This direct contact will surely bring tensions between the US-China relations.

Everyone is just waiting for a response from Beijing (China) and how it will handle this situation, considering the deep trade relations with the United States.

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