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Trump threatens WTO pullout

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The US Republican Presidential nominee Donald Trump on Sunday threatened to pull the US out of the World Trade Organisation (WTO) if his proposal on penalising the US companies for moving overseas is blocked.

“Meet the Press” that he, if elected President, would impose a tax on US companies that shift production overseas then sell the products back to the US,Trump said.

“If they are going to fire all their people, move their plant to Mexico, build air conditioners and think they are going to sell those air conditioners to the US, there is going to be a tax,” Trump told

The tax rate could be 15 per cent, 25 per cent or 35 per cent, and could be different for different companies, he added.

When told that such tax would not get through the WTO, Trump said he would then renegotiate “or we are going to pull out.”

“These trade deals are a disaster, Chuck. WTO is a disaster,” Trump said.

Trump reiterated his support to Britain for its exit from the Europe Union, which he said he foresaw before it happened.

Asked about his previous remarks that the US protection of other Nato members should be conditional on their financial contribution, Trump firmly stood by his position.

“We have Nato and we have many countries that are not paying for what they are supposed to be paying, which is already too little but they are not paying anyway,” he noted.

The countries Trump mentioned which have to pay for the US protection included Japan, Germany, South Korea and Saudi Arabia.

 

America

US unemployment rate falls to 50-year low

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The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, while employers added a modest 136,000 jobs.

The Labor Department says that despite the ultra-low unemployment rate, which was down from 3.7% in August, average hourly wages slipped by a penny. Hourly pay rose just 2.9% from a year earlier, lower than 3.4% at the beginning of the year.

Hiring has slowed this year as the U.S.-China trade war has intensified, global growth has slowed, and businesses have cut back on their investment spending. Still, hiring has averaged 157,000 in the past three months, enough to lower the unemployment rate over time.

The unemployment rate for Latinos fell to 3.9%, the lowest on records dating from 1973.

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America

Trump embarrassed by TV channel

As Trump was speaking to the media after meeting Zelensky to clarify his position, MSNBC host Nicolle Wallace cut into it, saying: “We hate to do this but the President isn’t telling the truth.”

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New York, Sep 26 : US President Donald Trump was subjected to an embarrassment when the MSNBC news channel cut away from his press conference while he was speaking on the controversy surrounding him over the Ukrainian probe against former Vice President Joe Biden.

Trump on Wednesday was addressing the press conference against the backdrop of impeachment proceedings announced against him by House Speaker Nancy Pelosi following allegations that he put pressure on the Ukrainian President Volodymyr Zelensky to order a probe against Biden whose family has business interests there.

The allegation against Trump came to light because of a whistleblower and a transcript of the conversation between him and Zelensky in July, which has become public.

As Trump was speaking to the media after meeting Zelensky to clarify his position, MSNBC host Nicolle Wallace cut into it, saying: “We hate to do this but the President isn’t telling the truth.”

She added that Trump was trying to do it to deflect the attention from his impeachment.

According to the transcript of the telephonic conversation that has gone public, Trump is heard asking Zelensky to “do us a favour”, after the latter expresses gratitude for the military aid the US provided to his country.

Trump’s words of “do us a favour” is seen as a quid pro quo for the American military aid, because of which the impeachment proceedings have been announced.

After Wallace cut the press conference, her guest on the programme, justice and security analyst Matthew Miller, rebuked Trump for saying that Biden and his son had done wrong.

“This story has been looked at and thoroughly debunked by everyone involved,” Miller said, adding the real issue was whether Trump’s conduct is “impeachable”.

Trump is facing problem at a time when he is in New York to attend the UN General Assembly.

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Kim Jong-un receives ‘excellent’ letter from Trump

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Pyongyang, June 23 North Korean leader Kim Jong-un has received a personal letter with “excellent” and “interesting” content from US President Donald Trump, Pyongyang’s state media said on Sunday.

“After reading the letter, the Supreme Leader of the Party, the state and the armed forces said with satisfaction that the letter is of excellent content,” the Korean Central News Agency said, referring to its leader.

“Appreciating the political judging faculty and extraordinary courage of President Trump, Kim Jong-un said that he would seriously contemplate the interesting content,” it added.

The KCNA did not disclose when and how the letter was delivered to Kim, reports Yonhap News Agency.

The letter appears to be in response to the one Kim sent to Trump recently in time for the anniversary of their first-ever summit in Singapore last June.

Trump had described Kim’s letter as “beautiful” and “very warm”. He also emphasized that the relationship between them remains strong and that “something will happen that’s going to be very positive”.

The exchange of correspondence between the leaders renewed hopes for a resumption of denuclearization talks which have stalled since the breakdown of their second summit in February.

The summit collapsed as Pyongyang wanted sanctions relief as a corresponding measure in exchange for dismantling its Yongbyon nuclear complex, while Washington insisted that sanctions should remain in place until the North completely gives up its nuclear weapons programme.

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