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Trump lashes out at China, EU; says they're manipulating currencies

Has the currency war arrived?

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Image: Pixabay

American president Donald Trump has lashed out at China and the European Union for currency manipulation, marking the beginning of a currency war.

The US President Donald Trump has intensified his words on China and the European Union, saying they are manipulating their currencies.

“China, the European Union and others have been manipulating their currencies and interest rates lower, while the US is raising rates while the dollars gets stronger and stronger with each passing day – taking away our big competitive edge. As usual, not a level playing field…,”Trump said on Twitter.

Trump also made it clear that the US should be allowed to recapture what was lost due to illegal currency manipulation and bad trade deals.

Trump reiterated his threat of imposing tariffs on all goods US imports from China, which is valued at $505 billion.

If a currency war erupts in full swing, it would put stock markets and oil at big risk, investors feel. Trump’s comments on currency manipulation made the dollar immediately fell against euro, yuan and yen.

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Politics

‘India must be united in holding Pakistan and China to account for Pulwama massacre’

China’s culpability in allowing Masood Azhar to roam around free and mount terror attacks against India is something that we must call to account, said BJP MP Rajeev Chandrasekhar

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China’s culpability in allowing Masood Azhar to roam around free and mount terror attacks against India is something that we must call to account, said BJP MP Rajeev Chandrasekhar, in the backdrop of Pulwama attack that killed 45 CRPF personnel.

All political parties in the country must be united to put Pakistan and China to account for the attack, he added.

The attack was executed by Pakistan-based terror outfit Jaish-e- Mohammad, which is headed by notorious Masood Azhar.

“Masood Azhar, who is roaming around free in Pakistan, is the same man that the United Nations has been trying to outlaw and declare a global terrorist and that effort by the United Nation has been blocked repeatedly by China,” he said.

China’s culpability in allowing Masood Azhar to roam around free and mount terror attacks against India is something that we must call to account, said BJP MP Rajeev Chandrasekhar

“China, as you know, is the principal financial sponsor of Pakistan – a country that is financially bankrupt, morally bankrupt, and a country which is now increasingly be run by the Pakistani army to forward its own narrow perverted objectives of trying to avenge the 1971 defeat and every other defeat that they’ve had in the hands of the Indian Army. “

Rajeev also said that Pakistan has failed militarily and through this covert war over decades so shall they fail again but for that we must remember that divided as we may be as we head into a political electoral battle,  divided was we may be on grounds of politics around and in sometimes even on grounds of religion.

“On this one issue – We must stand you know. We must be united in calling Pakistan to account. We must be united in holding Pakistan and China to account for the conduct and the continuing support to terrorism and attacks on people and innocent lives lost.”

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Why Shiv Sena ropes in poll strategist Prashant Kishor

Prashant Kishor’s latest move assumes some kind of significance as Shiv Sena is yet to say a final word on tie-up with the BJP for the upcoming Lok Sabha elections

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Image credit: Aaditya Thackeray/Twitter

Prashant Kishor’s latest move assumes some kind of significance as Shiv Sena is yet to say a final word on tie-up with the BJP for the upcoming Lok Sabha elections

Celebrity poll strategist Prashant Kishor is all set to make an impact on Shiv Sena’s electoral prospects.  On Tuesday, the man who played an instrumental role in the 2014 Lok Sabha elections, Kishor met Shiv Sena supremo Uddhav Thackeray at Matoshree, sending a clear signal that Shiv Sena would be in the company of BJP in the coming elections.

Thank you for your warm hospitality Uddhavji and @AUThackeray. As part of NDA, we look forward to joining forces with you in Maharashtra to help secure victory in upcoming Lok Sabha elections & beyond-Kishor tweeted.

Aaditya Thackeray, Shiv Sena’s energetic young leader and son of Uddhav, was also there at the meeting.

Prashant Kishor’s latest move assumes some kind of significance as Shiv Sena is yet to say a final word on tie-up with the BJP for the upcoming Lok Sabha elections.

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For historian Ramachandra Guha, India a 50-50 democracy

He also mentioned the problem of media-dependence on commercial and government advertisements.  

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Picture Courtesy: Kochi Biennale Foundation

India has been a 50-50 democracy, historian Ramachandra Guha thinks. Guha is of the opinion that a government that denies its people the freedom of speech is a ‘violent’ one.  In that sense India is a half democracy, he said during a programme called Let’s Talk as part of Kochi-Muziris Biennale.

The historian considers India as democratic in certain aspects like free and fair elections, movement of citizens, to name a few. But he is very much critical on the country’s criminal justice system and corruption. Colonial laws, identity politics and ideology-centred writers are some of the threats to freedom of expression-Ramachandra Guha said.

He also mentioned the problem of media-dependence on commercial and government advertisements.

 

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