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Trump Warns Massive Deficits and US Job Losses ahead of Meeting with Xi Jinping

US President Donald Trump announced that his scheduled meeting with Chinese leader Xi Jinping will be difficult. The president said that the U.S could no longer afford massive trade deficits and job losses. The meeting is scheduled on Friday, next week at Trump’s Mar-a-Lago resort in Florida.

As per the White House announcement on Thursday, first lady Melania Trump would also join along with Xi’s wife, Peng Liyuan. Reports say that the meeting agenda is to have a strong economic and commercial nature. The President has blamed China for the US trade deficit and job losses during his campaign. Now, Trump is following the trend that he promised to change.

Earlier, Chinese Foreign Ministry spokesperson Lu Kang said that “40 per cent of China’s trade surplus with the United States came from US companies in China.” Also, he argued that the bilateral trade has created 2.6 million jobs in the US.

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The left-leaning Economic Policy Institute has estimated the loss of 3.4 million jobs due to the trade deficit with China from 2001 to 2015. Electronics and high tech, textiles, apparels and a range of heavier durable goods industries will be hard hit with this move.

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Trump is Good listener, Frank: Japan Prime Minister Shinzo Abe

sinzo abe donald trump

Japanese Prime Minister Shinzo Abe believes that US President Donald Trump is a “good listener”, as well as “friendly and open”, the media reported.

“President Trump is surprisingly a good listener though it may seem that he isn’t. He’s also very frank and open. But he’s very committed to his campaign pledges,” Abe told public broadcaster NHK in an interview on Monday.

During the interview, Abe spoke of his meetings in the US over the weekend with Trump, in which they discussed security issues such as Washington’s stance over the disputed Senkaku Islands in the East China Sea, a point of conflict and contention between Tokyo and Beijing.

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Trump had previously suggested that Japan should pay more to maintain a US military presence in Japan. But Abe said the US President did not mention the issue during their meeting.

“Defence Secretary Mattis visited Japan and said the Japanese and American cost-sharing model is an example for other nations to follow. I think that settled the issue. We were wondering whether President Trump would mention the matter, but he didn’t. Rather, he thanked Japan for the warm hospitality extended to the US Marine Corps,” the Prime Minister said.

He also discussed the North Korea’s latest missile test on Sunday, while he was still with President Trump at his resort in Florida.

“President (Barack) Obama was very cautious about using military force against North Korea, calling his stance ‘strategic patience’. I believe the Trump Administration is aiming to review the stance and seek a diplomatic solution, putting all options on the table,” Abe said.

The premier also believes that the Trump administration will renew its stance towards China and Russia.

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“I think the US government is in the process of establishing its foreign policy against China. Right before our summit, President Trump talked for one hour over the phone with Chinese President Xi Jinping. The timing was very good for me. President Trump and I were able to discuss how to deal with China, taking into consideration what the leaders of the US and China talked about and various other factors.”

“I have also insisted that dialogue between the US and Russia is essential for resolving the issues of Syria, the Middle East, Iran and Ukraine.” President Trump plans to hold a close dialogue with Russia,” Abe concluded.


Chinese Hacks slow down due to Military reforms, Pact with the US 

Last year presidents of America and China made a pact about the cyber securities. According to the agreement China had agreed to the cut down of cyber hacks aimed at curbing the theft of the intellectual property. Mr Obama and Mr Xi Jinping announced their agreement after the meeting last year at the White House Rose Garden.

The United States officials said that they have discovered malware in power grids, cell phone networks and other civilian targets. But they are not sure whether that harmful software is intended to stealing user’s information or to shut the system completely down or both.

iSight, the intelligence unit of FireEye, a private firm which manages network breaches stated that the decline in the cyber attacks began a year before the meeting of Mr Obama and Mr.Xi Jinping. According to the report given by FireEye, there is a sharp cut-off in almost daily raids on Silicon Valley enterprises, Army contractors and other commercial targets.

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The study mainly speaks about the change on the part of Chinese president’s effort to bring the Chinese military, which is known to be the main sponsors of the attacks, further under his control. The report clearly states that Chinese attacks have decreased in volume, but increased in sophistication and the Chinese hackers are starting to pick their targets more carefully much more like the Russian hackers.

Kevin Mandia of FireEye stated that “It’s a mixed bag,” which first detailed the activities of a People’s Liberation Army cyber-arm, called Unit 61398, that had been responsible for some of the most highly publicised thefts of American technology. We still see semiconductor companies and aerospace firms attacked.”

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The daily cyber attacks were decreased due to the immense public pressure and efforts of others. One of the factors for this drop out may be attributable to the decision of Justice Department to indict five members of the P.L.A. Unit about a year after its activities were exposed.

Last week, senior officials of the department of administration in Beijing were trying to flesh out the agreement between the national heads. One of the key points of the discussion was how to set up a hotline through which the two countries can alert other when malicious software is detected in global networks. The idea of setting up the hotline may favour investigators of China and America to find the source of the hack.

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The report concluded that “We see a threat that is less voluminous but more focused, calculated, and still successful in compromising corporate networks.”

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