Trump Labels Russia, China and Europe as ‘Foes’

U.S. President Donald Trump is branding Russia, China and the European Union as “foes” of the United States, but specifically is singling out long-time allies in Europe for taking advantage of the United States on trade deals.

“I think we have a lot of foes,” the U.S. leader told CBS News in an interview broadcast Sunday that was taped the day before at his Turnberry golf course in Scotland.

“I think the European Union is a foe, what they do to us in trade,” he said. “Now, you wouldn’t think of the European Union, but they’re a foe. Russia is foe in certain respects. China is a foe economically, certainly they are a foe. But that doesn’t mean they are bad. It doesn’t mean anything. It means that they are competitive.”

“I respect the leaders of those countries,” Trump said, referring to the European Union. “But, in a trade sense, they’ve really taken advantage of us and many of those countries are in NATO and they weren’t paying their bills” to meet the NATO goal of each of the 29 member states of the Western military alliance spending two percent of the size of their national economies on defense.

Trump criticized Germany, as he had last week before a contentious NATO summit in Brussels, for its deal with Russia to build a natural gas pipeline in the Baltic Sea that will send send fuel from Russia to Germany.

“Germany made a pipeline deal with Russia,” Trump said. “Where they’re going to be paying Russia billions and billions of dollars a year for energy, and I say that’s not good, that’s not fair. You’re supposed to be fighting for someone and then that someone gives billions of dollars to the one you’re, you know, guarding against. I think it’s ridiculous, so I let that be known also this time. I’ll tell you what, there’s a lot of anger at the fact that Germany is paying Russia billions of dollars. There’s a lot of anger. I also think it’s a very bad thing for Germany. Because it’s like, what, are they waving a white flag?”

German Chancellor Angela Merkel, who grew up in communist East Germany, rebuffed Trump’s criticism last week, saying that she had “experienced myself how a part of Germany was controlled by the Soviet Union” and said she was glad her country today, with communist East Germany and democratic West Germany united since 1990, can set “independent policies” and make “independent decisions.”

Donald Tusk, president of the European Council, dismissed Trump’s attack on European countries, saying, “America and the EU are best friends. Whoever says we are foes is spreading fake news,” employing one of Trump’s favorite pejoratives for news stories he does not like.

The European Union, which last year had a $ 151 billion trade surplus with the United States, is engaged in a contentious dispute over import tariffs with the United States, imposing higher levies on such iconic U.S. products as bourbon, jeans and motorcycles after Trump boosted U.S. tariffs on aluminum and steel imports from Europe.

Source : VOA


PT Bestprofit Futures – GLOBAL

Europe Stocks Rise for Fifth Day With Miners as Trade Woes Fade

European equities climbed for the fifth day as investors turned their attention away from the U.S.-China trade concerns and began preparing for the earnings season.

The Stoxx Europe 600 Index added 0.5 percent to 384.32 as miners increased 2.3 percent, followed by energy shares. Metals prices are set to be “relatively supported” this year around current levels as fundamentals are unlikely to be significantly impacted for the moment by U.S.-China trade dispute, BMI Research said in note. BHP Billiton Plc and Rio Tinto Plc rose more than 2 percent.

European stocks, especially automakers and miners, have been hammered over the past month as the U.S. and China exchanged trade threats before finally going ahead with new tariffs on Friday, which brought relief to investors as no unexpected duties were imposed. Today’s recovery is poised to be the longest string of gains since March 12.

Source: Bloomberg

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Dow futures rise as Europe rallies, banks climb in premarket

U.S. stock futures pointed to a strong start for Wall Street on Friday, led by gains for banking stocks after several said they would return capital to shareholders after passing the Federal Reserve’s stress tests.

U.S. stocks were also tracking the rally for European stocks after European Union leaders reached an agreement on the divisive issue of migration.

Dow Jones Industrial Average futures rose 91 points, or 0.4%, to 24,308, while futures for the S&P 500 rose 6 points, or 0.2%, to 2,726.50. Nasdaq-100 futures rose 20 points, or 0.3%, to 7,083.50.

Friday’s session could mark a positive finish to a tough week for stocks that were tossed around by worries over a global trade crisis.

Signs that China may be trying to ease trade-related pressures was also helping inspire investors.

Source: Marketwatch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

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