Trump wants to end ‘crazy’ subsidies to India, China

Trump wants to end ‘crazy’ subsidies to India, China
President Donald Trump speaks at a fundraiser in Fargo, N.D., Sept. 7, 2018
CHICAGO/ ABOARD AIR FORCE ONE, SEP 8 (AGENCIES) | Publish Date: 9/8/2018 12:11:05 PM IST

President Donald Trump on Friday said he wants to stop the subsidies that growing economies like India and China have been receiving as he wants the US, which he considers as a “developing nation”, to grow faster than anybody.

Addressing a fundraiser event in the Fargo city of North Dakota, he also accused the World Trade Organization (WTO) of allowing China to become a “great economic power”.

“We have some of these countries that are considered growing economies. Some countries that have not matured enough yet, so we are paying them subsidies. Whole thing is crazy. Like India, like China, like others we say, ‘oh, they’re growing actually’,” Trump said.

He said that they call themselves developing nations and “under that category they get subsidies.”

“We have to pay them money. This whole thing is crazy, but we’re going to stop it. We’re going to stop it. We have stopped it.

“We are a developing nation, too, OK? We are. As far as I’m concerned, we are a developing nation. I want to be put down in that category because we are growing, too. We are going to grow faster than anybody,” Trump said amidst applause from the audience. Attacking the WTO, Trump said he thinks that the World Trade Organization was probably the worst of all. “But a lot of people don’t know what that is, that allowed China to become this great economic power”.

On the trade deficit between the US and China, which has led to a tariff war between the world’s top two economies, he said, “I’m a big fan of (Chinese) President Xi Jinping, but I told him, ‘we have to be fair’.”

“We can’t let China take USD 500 billion a year out of the United States and rebuild itself,” he added.

The President also said that the US should get paid for securing the wealthy countries from the outside harm.

“I think it’s fine, but they got to pay us for this. We’re watching the whole world and they take it for granted.

“For years and years we’ve been protecting these countries. They’re making a fortune. They’ve had very little military cost. We have the biggest military cost in the world. Most of it goes to protecting outside countries, some of whom don’t even like us,” Trump said.

“We’re protecting countries that have -- I got to say, they do have respect for us now, but they didn’t have any respect for us, and they got to pay. They got to pay, you know, when they’re wealthy,” he said.

Trump expecting letter from Kim soon

U.S. President Donald Trump said on Friday a letter from North Korean leader Kim Jong Un, which he believes will be positive, is on its way to him, a day after expressing fresh optimism about a denuclearization deal, reports Reuters.

“I know that a letter is being delivered to me, a personal letter from Kim Jong Un to me. It was handed at the border ... yesterday,” Trump told reporters on Air Force One. “It’s being delivered. It’s actually an elegant way... and I think it’s going to be a positive letter.”

The two leaders have traded correspondence as they negotiate over North Korea’s nuclear program and Trump has also praised Kim on social media. On Thursday, Trump thanked Kim on Twitter for expressing “unwavering faith in President Trump” and added: “We will get it done together!”

Trump’s latest remarks came after South Korean officials said after meeting Kim in Pyongyang this week that the North Korean leader had given his first timeline for denuclearization, in spite of widespread skepticism about his willingness to give up a nuclear weapons program that threatens the United States.

According to the South Korean officials, Kim said his faith in Trump was “unchanged” and he wanted denuclearization of the Korean peninsula and an end to hostile relations with the United States before Trump’s first term ends in early 2021.

However, there has been no indication that Kim has offered more concrete steps toward giving up his nuclear weapons and some U.S. officials privately doubt he is willing to abandon the arsenal.

Both Kim and Trump have stressed their personal relationship since meeting in an unprecedented June 12 summit which skeptics say was big on fanfare but short on substance.

Under discussion since has been whether North Korean denuclearization or declaring an end to the Korean War should come first. The 1950-53 war ended with an armistice, not a peace treaty, meaning U.S.-led U.N. forces are technically still at war with the North.

Earlier on Friday, generals from the United States and North Korea met at the Korean border to discuss the recovery of the remains of U.S. service members killed in the Korean War, a senior U.S. official said.

The talks between U.S. Major General Michael Minihan, the chief of staff for the United Nations Command (UNC) and U.S. Forces Korea, and North Korean Lieutenant General An Ik-san followed North Korea’s handover of remains in July under an agreement reached by Trump and Kim at the summit.

“While these talks are military-to-military and scheduled to be confined to the repatriation issue, having some progress on any front would be welcome,” the U.S. official said, speaking on the condition of anonymity. “That doesn’t mean there’s much optimism about moving forward on the political front.”

The official said that there remained concerns that Kim’s improved relationship with China and his planned summit with South Korean President Moon Jae-in this month could encourage him in resisting U.S. demands.

In previous, failed rounds of negotiations over North Korea’s nuclear program, North Korea has said it could consider giving up its arsenal if Washington provides security guarantees by removing troops from South Korea and withdrawing its so-called nuclear umbrella of deterrence from the South and Japan.

The United States has 28,500 troops in South Korea and Trump has said in the past it should consider reducing the number unless Seoul shoulders more of the cost.

South Korea has said American forces should stay even if a peace agreement is signed, while U.S. Defense Secretary Jim Mattis assured Seoul in a June visit of an “ironclad” U.S. commitment to its security, including keeping U.S. troop levels unaltered.

On Friday, North Korea’s official KCNA news agency quoted a statement from the obscure Anti-Imperialist National Democratic Front (AINDF) denouncing the presence of U.S. forces in South Korea and calling them the “chieftain of aggression and division, and root cause of misfortune and pain.”


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