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US-Japan ties are ‘a cornerstone of regional peace and stability’, says US President Donald Trump

Donald Trump greeted the President of Japan in the white House and stated that the US-Japan relationship is "a cornerstone of regional peace and stability"

Donald Trump and Shinzo abe, Wikimedia

Washington, Feb 11, 2017:  US President Trumphas pledged close security and economic cooperation with Japanand called the alliance between the two nations “a cornerstone of regional peace and stability”, edging away from campaign pledges to force Tokyo to pay more for the US’ security umbrella.

Trump welcomed Japanese Prime Minister Shinzo Abe with a hug to the White House on Friday and shook his hand for a full 19 seconds where at one point Trump awkwardly jerked Abe’s hand forward. The US President lavished praise on Abe and offered strong reassurances about America’s commitment to Japan’s defence, the New York Times reported.

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“The bond between our two nations and the friendship between our two peoples runs very, very deep,” Trump said at a press conference with Abe. “This administration is committed to bringing those ties even closer.”

“It is important that both Japanand the US continue to invest very heavily in the alliance to build up our defence and our defensive capabilities. I also want to take this opportunity, Mr Prime Minister, to thank you and the people of Japanfor hosting our armed forces,” he said.

Echoing his words, Abe also stressed on the importance of strengthening economic and trade relations. Abe also said that he would welcome the US becoming “even greater.” The Japanese Prime Minister also invited Trump to visit Japan this year, which was accepted by Trump, according to the joint statement.

Japan also got continued US backing for its long-standing dispute with Beijing over uninhabited islands in the East China Sea, which China also claims. Trump said the US is committed to the security of Japanand all areas under its administrative control. The statement also said the two leaders affirmed that Article 5 of the US-Japan security treaty covered the islands, known as the Senkaku in Japan and the Diaoyu in China.

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The two leaders were expected to discuss over the weekend Trump’s decision to withdraw the US from the controversial 12-nation Trans-Pacific Partnership (TPP) trade pact, which Tokyo had lobbied hard for, according to reports.

A White House official said Trump was paying for Abe and his wife to travel to Mar-a-Lago Club in Florida for the weekend, as a “gift” to the leader. The two leaders would be playing golf there on Saturday.

Their Oval Office meeting came hours after Trump reaffirmed Washington’s long-standing “one China” policy in a call with Chinese President Xi Jinping.

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Although Japanis a historic rival of China, Trump said that his long and “warm” conversation with Xi was good for Tokyo, too.

“I believe that will all work out very well for everybody, China, Japan, the United States and everybody in the region,” Trump said at a joint news conference with Abe.

Abe is the second foreign leader Trump has met since taking office, after Britain’s PM Theresa May. (IANS)

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Trump views 50 years out of date, may trigger disruptive trade war: Paul Krugman

According to him, immediate issue is going to be confrontation not with China, but with Europe as the "steel tariffs" will hit Europe

human rights
Trump is not taking his responsibilities seriously: Paul Krugman. Wikimedia Commons
  • Paul Krugman criticises U.S. President Donald Trump
  • Paul Krugman is a Nobel Prize winner
  • Paul says Trump’ actions can cause a war

Criticising the US President Donald Trump for his protectionists policies, Nobel Laureate Paul Krugman on Saturday accused President Trump of not taking his jobs seriously. Following the protectisists measures taken by the US President, there could be “risks of disruptive trade war”, he said.

President Donald Trump has pledged to avoid any new foreign business deals during his term in office.
President Donald Trump is heavily criticised. Wikimedia Commons

“He does not take the job seriously. He doesn’t say to himself that I am the most important official in the world; I have better do my homework for understanding the issue. ..He just goes that these are my gut feeling and hires people who make him feel good…that is a frightening prospect,” Krugman said responding to a query on his perception on Trump. On the economic issues President Trump’s gut feelings are “protectionist” and his views of America were “50 years out of date”.

“He wants America a heavy industrial country in the way it was when he was a young man. That is not just going to happen but he attempts to make it happen, which is extremely disruptive to America and to the global as a whole,” Nobel Laureate said. Krugman said he was until recently optimistic that Trump’s protectionist policies would not see the light of the day.

“Until about two weeks ago, I was quite optimistic that it would not happen. The reason was not because the President would get good economic advice but because the US businesses are invested in a globalised economy. All the investments the businesses have made is based upon the assumptions that the open trading system would continue. There is an enormous amount of fiscal capital and a large number of jobs are dependent on these value chains,” he said at the News18 Rising India Summit here.

Also Read: Trump Not Backing Down on Steel, Aluminum Tariffs

Krugman further said: “I had assumed the influence of these business communities would be sufficient… that it would not happen. I am less optimistic now…we have seen reasonably sensible Economic Council Head was fired, completely irrational tariff (was) imposed on steel and aluminium.”

The President also called for more mental institutions and hospitals in addition to the idea of arming teachers.
Krugman says these actions of President can cause a trade war. Wikimedia Commons

According to him, immediate issue is going to be confrontation not with China, but with Europe as the “steel tariffs” will hit Europe. He said there are possible risks of “disruptive global trade war”.

Speaking on Chinese economy he said, “China is a financial crisis waiting to happen. China is a widely unbalanced economy…the country is sustaining itself with a credit bubble that is waiting to burst…There is a significant risk of Chinese bubble burst.”