Trump boosts coal as China takes the lead on climate change

Trump boosts coal as China takes the lead on climate change

It is clear that President Donald Trump is now focusing on protecting the security and economic interests of the country and has probably put the issue of moral leadership on the backburner.

'Ensuring President Xi does not lose face is a top priority for China, ' a Chinese official said.

These are all very bad deals for the United States, and the consequences would be very real.

Falling equities, driven by the Fed's hawkish tone, have supported gold and should prices decisively move above the 200-day moving average, more quantitative money could start coming in, said INTL FCStone analyst Edward Meir. Underlying his often hawkish sentiment appears to be a conviction that China represents the primary threat to U.S. interests globally.

In advance of his his meeting with Chinese President Xi Jinping, Foreign Policy warned the Trump administration "has no idea what it's doing on China".

"China has been intervening to keep its currency high, not low", Dollar said.

Trump signed an executive order last week rolling back Obama-era policies regulating carbon emissions. Sanctions have been largely ineffectual, particularly as Chinese officials fear the instability that might result from a crackdown on North Korea's limited trade routes.

Whatever dealings go down between Xi and Trump at Mar-a-Lago, they'll have to happen somewhere else.

US factories expand again in March but at slower pace
The reports pointed to strong economic fundamentals, despite growth appearing to have slowed sharply in the first quarter. The services sector recorded the highest growth, of 6.52 per cent, representing 2.65 percentage points of total value.

Trump promised during the 2016 campaign to stop what he called the theft of American jobs by China and rebuild the country's manufacturing base. This was much to Beijing's chagrin, as was his public questioning of the longstanding US "One China Policy".

To begin with, these analysts say, China viewed Trump as the kind of Republican who talked tough on the campaign trail but would settle into conventional behavior towards Beijing once he recognized the stakes, as president. Wilder said past US administrations preferred to be toughest with Beijing behind closed doors - something he said Bush did effectively. In his two-and-a-half-months in office, Trump has backed off on one sensitive issue with China: Taiwan. And on a recent trip to Asia, Secretary of State Rex Tillerson reminded the region that the USA also retains the option of pre-emptive military force. "China will either decide to help us with North Korea or they won't". But to date, it seems that none of Trump's key players on China have any relevant experience or expertise.

President Donald Trump has announced that the U.S. government will act unilaterally on the issue of the North Korean nuclear threat.

He has accused China of "raping our country" and blasted it for currency manipulation and taxing USA products while building islands in the South China Sea.

Trump's stated priority is bringing jobs to the United States.

"China has great influence over North Korea".

The two-day meeting at the president's private members club in Palm Beach in Florida takes place just days after North Korea fired a missile into the Sea of Japan, the latest provocative act by the country. By partitioning the debate over North Korea's nuclear program from debates about human rights, regime change or Korean reunification, policymakers may be able to achieve a nonproliferation deal acceptable to all parties, including to China.

Taken overall, the Trump-Xi meeting is unlikely to see any decisive breakthroughs, but more likely intensify bilateral dialogue in areas such as trade and North Korea.