Sabtu, 25 Mei 2019

Trump digs at Japan for 'substantial' trade advantage and calls for more investment in US - CNBC

U.S. President Donald Trump attends a Japanese business leaders event with U.S. Ambassador to Japan William Hagerty in Tokyo, Japan May 25, 2019. REUTERS/Jonathan Ernst

Jonathan Ernst | REUTERS

President Donald Trump, on the first day of his state visit to Japan, dug at Tokyo for what he called a "substantial advantage" in trade and asked Japanese businesses to invest more in the United States.

"Japan has had a substantial advantage for many, many years, but that's okay, maybe that's why you like us so much," Trump said during a meeting with Japanese business leaders in Tokyo.

The president said Tokyo and Washington were "getting close" to a deal that would address the U.S. trade deficit. The U.S. had a deficit of $56.8 billion in goods and services with Japan in 2018, according to the U.S. Trade Representative.

"With this deal we hope to address the trade imbalance, remove the barriers to United States exports and ensure fairness and reciprocity in our relationship," Trump said.

The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.

Earlier this month, Trump postponed a decision on car levies for up to six months and directed U.S. Trade Representative Robert Lighthizer to seek trade agreements with Tokyo and Brussels.

But in his decision to postpone tariffs, the president made clear that he views car imports as a potential threat to U.S. national security. That provoked a strongly worded statement from Toyota.

The Japanese carmarker said Trump's view of car imports "sends a message to Toyota that our investments are not welcomed, and the contributions from each of our employees across America are not valued."

Toyota's president was present during the meeting with Japanese business leaders on Saturday in Tokyo. During the meeting, Trump recognized Toyota for its investments in the U.S. and called for Japanese businesses to invest more.

"If you join in seizing the incredible opportunities now before us in terms of investing to the United States, I think you're going to see tremendous return on your investments," he said.

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https://www.cnbc.com/2019/05/25/trump-digs-at-japan-for-substantial-trade-advantage-and-calls-for-more-investment-in-us.html

2019-05-25 14:00:50Z
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Earthquake strikes Tokyo ahead of Trump's visit to Japan - New York Post

President Trump’s trip to Japan started with a bang – a magnitude-5.1 earthquake centered near the golf course where he and Prime Minister Shinzo Abe are set to play golf Sunday.

The temblor, which rattled Tokyo just hours before Trump’s arrival, briefly halted nearby bullet trains, but did not derail the leaders’ plans for their first meeting of the four-day visit, which will take place at the Mobara Country Club in Chiba.

Later, the leaders will attend a championship sumo wrestling match, where Trump will award the “President’s Cup” to the winner. The trophy is 5 feet tall and weighs between 60 and 70 pounds, the White House said.

Trump spoke to Japanese business leaders at a reception shortly after his arrival late Saturday, where he needled them about trade.

“I would say that Japan has had a substantial edge for many, many years, but that’s OK,” Trump said. “Maybe that’s why you like us so much.”

He said the U.S. and Japan “are hard at work” negotiating a bilateral trade agreement more favorable to American business.

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https://nypost.com/2019/05/25/earthquake-strikes-tokyo-ahead-of-trumps-visit-to-japan/

2019-05-25 13:50:00Z
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Earthquake strikes Japan ahead of Trump visit - Washington Examiner

An earthquake rocked parts of Japan near Tokyo just before President Trump arrived in the country on Saturday.

The U.S. Geological Survey listed the quake as magnitude 5.0, a medium-sized event that can cause damage.

Japanese and U.S. authorities said the epicenter of the earthquake was about 48 miles south of Tokyo.

The epicenter was next to the city of Mobara, where Trump and Prime Minister Shinzō Abe are scheduled to play golf on Sunday.

The USGS' online earthquake tracker showed a 4.6 magnitude earthquake struck just northwest of Tokyo on Friday, showing an almost daily pattern of earthquake activity.

Some buildings were observed shaking in Tokyo. However, no tsunami warning was issued, and there was no visible damage.

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https://www.washingtonexaminer.com/policy/energy/earthquake-strikes-japan-ahead-of-trump-visit

2019-05-25 13:40:00Z
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European Elections Will Be A Test For Nationalist Parties Hoping To Remake The EU - NPR

A man walks past a board announcing elections at the European Parliament in Brussels on Wednesday. Some 400 million Europeans from 28 countries are eligible to vote. Francisco Seco/AP hide caption

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Francisco Seco/AP

Some 400 million people in 28 countries are eligible to vote in this week's elections for new representatives for the European Parliament — the only popularly elected European Union institution. It's normally a low-turnout affair, but this year, the Europe-wide result will be a crucial test of strength for nationalist and populist parties that want to remake the EU — and for those who oppose them.

"If we screw this up, none of us in this room can look our children in the eye anymore. If we screw this up, we screwed up for generations," warned pro-EU center-left Dutch politician Frans Timmermans at a conference held in Florence, Italy, earlier this month.

Timmermans, a Socialist, is a mainstream candidate who's hoping the incoming European Parliament will make him president of the EU executive body, the European Commission. He's currently a vice president, part of the EU establishment in Brussels.

One of Timmermans' rivals is German center-right candidate Manfred Weber, who struck a less alarmist tone in Florence.

"The essence of Europe is compromise," said Weber, "that readiness to sit together and find a common understanding for the future. And to do so, I think we need optimism. We can be proud about what we achieved and we can go further."

Guy Verhofstadt, a Belgian and one of several candidates of the centrist Alliance of Liberals and Democrats for Europe, wants to go much further — toward single, common fiscal and foreign policies as part of a more federal Europe.

"Today, the European Union doesn't exist, really," said Verhofstadt. "It's still a confederation of nation-states, and is always acting too late when something is happening."

While differing on methods, policies and timetables, all three candidates fit squarely in the pro-EU camp, which bemoans the unwillingness of member states to forge transnational common policies on issues such as migration, security and data-sharing.

From left, Czech Republic's Jan Zahradil, Spain's Nico Cue, Germany's Ska Keller, Denmark's Margrethe Vestager, Netherlands' Frans Timmermans and Germany's Manfred Weber appear for a debate among candidates for presidency of the European Commission at the European Parliament in Brussels on March 15. Francisco Seco/AP hide caption

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Francisco Seco/AP

The Euroskeptics, on the other hand, complain that EU power is concentrated in the hands of unelected officials, bureaucrats who trample national sovereignty.

"This European Union could actually break apart"

Timmermans said this vote could be the most consequential in decades.

"I believe this is the first time since the beginning of European integration that this European Union could actually break apart," he said. "This is no longer a nightmare or a bad dream. It is a potential reality."

Timmermans' nightmare scenario is not that other member states will follow Britain and vote to leave the EU. Negotiating Brexit has been so chaotic, leaving doesn't seem like such a good idea anymore.

Italian politician Caio Giulio Cesare Mussolini, the great-grandson of dictator Benito Mussolini, is running for a seat in the European Parliament. Sylvia Poggioli/NPR hide caption

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Sylvia Poggioli/NPR

Instead, Europe's anti-immigrant nationalist parties, which argue that Brussels wields too much power, are campaigning hard to win seats in the European Parliament. From there, they will try to water down the EU's federal powers over individual nation-states. Or, as they would put it, they will try to reclaim sovereignty for their peoples.

"If these populist and sovereigntist movements are rising, [it] means that there is something wrong in this Europe and we would try to do our best to change this European Union from inside," one Italian nationalist party member recently told foreign media in Rome.

His name is Caio Giulio Cesare Mussolini, and his great-grandfather was the dictator Benito Mussolini. He is unapologetic about the legacy of fascism and is running for a seat in the European Parliament from the small, hard-right Brothers of Italy party.

The campaign to remake the EU from the inside has a big booster from across the Atlantic — Donald Trump's former chief strategist Steve Bannon. He has spent a lot of time in Europe this year, closely following the Parliament campaign.

Bannon has said a populist victory across Europe would end closer economic and political integration and restore the continent much to the way it was before the European Common Market, the EU's precursor, was founded more than six decades ago.

"And that is a Europe of nations," Bannon told reporters in Rome in March. "Discussions on immigration and some of these basic hot-button issues, the 30,000 pages of regulations that the EU has, I think are going to start to be cut in half. I think you'll start seeing deregulation and I think over time you are going to see more changes of power coming back to the individual nation-states."

The EU's original populist troublemaker

Bannon is advising Matteo Salvini, Italy's populist deputy prime minister and interior minister. He's also advising Marine Le Pen, the leader of France's populist National Rally movement, and Hungary's autocratic prime minister, Viktor Orban.

A central platform plank for all is curbing immigration into Europe, especially from the Muslim world. To promote such policies, Bannon is setting up an "academy for Judeo-Christian values" at an old monastery outside Rome. When he visited Italy in March, he expressed confidence in the outcome he favors.

"The momentum is on the side of the sovereignty movement, the momentum is on the side of the nationalist movement, the momentum is on the side of the populist movement," he told reporters in March.

The EU already has one populist troublemaker inside its ranks: Orban, the president of what he has called Hungary's "illiberal state." His critics call it a semi-authoritarian state. In March, the European Parliament's center-right group, the European People's Party, suspended Orban's Fidesz party for its anti-migrant policies and restrictions on media and academic freedom.

But that will have little impact after this week's elections, analysts say, should Orban decide his party will join a new, populist group in the European Parliament.

At the Florence conference, Hungarian sociologist Balint Magyar stressed to NPR that current EU rules already enable one member to obstruct the deliberations. Thanks to the European Union's unanimous decision-making requirement, he says, any member state — whatever its political and economic weight — can veto proposals, essentially holding the rest of the EU hostage.

"Orban, representing Hungary, which provides 0.9 percent of the GDP of the EU, wants to determine what [all the others] should do," Magyar warns.

Polls project that after this week's elections, populists will see strong gains in the European Parliament -- not enough to control it, but sufficient to weaken the legislative influence of the pro-EU center-right and center-left parties.

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https://www.npr.org/2019/05/25/725369288/european-elections-will-be-a-test-for-nationalist-parties-hoping-to-remake-the-e

2019-05-25 12:20:00Z
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Trump visits Japan -- live updates - CNN

President Trump returned to a reliable frustration -- the Federal Reserve -- during remarks Saturday in Tokyo.

US President Donald Trump (C) speaks during a meeting with business leaders in Tokyo.

US President Donald Trump (C) speaks during a meeting with business leaders in Tokyo.

BRENDAN SMIALOWSKI/AFP/Getty Images

Lamenting the body's decision to raise interest rates, Trump said the stock market would have been substantially higher had they kept rates steady.

The stock market, he said, would be anywhere 7,000 to 10,000 points higher. He also said the US growth rate would have exceeded 3%.

"But they wanted to raise interest rates," he said. "You’ll explain that to me."

The Federal Reserve raised rates after economic data showed a strong US economy. They have since signaled they will keep rates steady.

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https://www.cnn.com/politics/live-news/trump-visits-japan-may-2019/index.html

2019-05-25 12:09:00Z
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Trump visits Japan -- live updates - CNN

President Trump returned to a reliable frustration -- the Federal Reserve -- during remarks Saturday in Tokyo.

US President Donald Trump (C) speaks during a meeting with business leaders in Tokyo.

US President Donald Trump (C) speaks during a meeting with business leaders in Tokyo.

BRENDAN SMIALOWSKI/AFP/Getty Images

Lamenting the body's decision to raise interest rates, Trump said the stock market would have been substantially higher had they kept rates steady.

The stock market, he said, would be anywhere 7,000 to 10,000 points higher. He also said the US growth rate would have exceeded 3%.

"But they wanted to raise interest rates," he said. "You’ll explain that to me."

The Federal Reserve raised rates after economic data showed a strong US economy. They have since signaled they will keep rates steady.

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https://www.cnn.com/politics/live-news/trump-visits-japan-may-2019/index.html

2019-05-25 11:10:00Z
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Trump visits Japan -- live updates - CNN

President Trump returned to a reliable frustration -- the Federal Reserve -- during remarks Saturday in Tokyo.

US President Donald Trump (C) speaks during a meeting with business leaders in Tokyo.

US President Donald Trump (C) speaks during a meeting with business leaders in Tokyo.

BRENDAN SMIALOWSKI/AFP/Getty Images

Lamenting the body's decision to raise interest rates, Trump said the stock market would have been substantially higher had they kept rates steady.

The stock market, he said, would be anywhere 7,000 to 10,000 points higher. He also said the US growth rate would have exceeded 3%.

"But they wanted to raise interest rates," he said. "You’ll explain that to me."

The Federal Reserve raised rates after economic data showed a strong US economy. They have since signaled they will keep rates steady.

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https://www.cnn.com/politics/live-news/trump-visits-japan-may-2019/index.html

2019-05-25 10:09:00Z
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