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Trump Takes on China in a Twitter Outburst

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Donald Trump
  • Trump Takes on China in a Twitter Outburst

Weeks before taking office, the incoming American president is riling Beijing with confrontation and online statements that appear to foreshadow a tougher foreign policy toward China.

China woke up this morning to sharp criticism posted by Trump on Twitter, days after Beijing responded to his telephone conversation with Taiwan’s president by accusing the Taiwanese of playing a “small trick” on Trump.

Trump wrote:

Did China ask us if it was OK to devalue their currency (making it hard for our companies to compete), heavily tax our products going into their country (the U.S. doesn’t tax them) or to build a massive military complex in the middle of the South China Sea? I don’t think so!

Personality

That was apparently prompted by China’s response to Trump’s talk Friday with Tsai Ing-wen, the first time an American president or president-elect is known to have spoken to a Taiwanese leader since the US broke off formal diplomatic relations in 1979.

So far, China has avoided responding with open hostility. Today, Chinese Foreign Ministry spokesman Lu Kang said China would have “no comment on what motivated the Trump team” to make the tweets, but said he believed both sides would continue to support a “sound and a stable bilateral relationship.”

“For us, for China, we do not comment on his personality,” Lu said.

We focus on his policies, especially his policies toward China.

China’s reaction to Trump’s call with Tsai was relatively low-key given the sensitivity China places on Taiwan.

The US and Taiwan retain strong unofficial ties, and the US sells weapons to the self-governing island. But American leaders have for decades avoided any official recognition in deference to China, which claims Taiwan as part of its territory, to be captured by force if necessary.

Trump’s reference in another tweet to Tsai as “the President of Taiwan” was sure to inflame China, which considers any reference to Taiwan having a president as a grave insult.

Punish

But China only said it would make a “solemn representation” in Washington, and Lu declined to expand on that statement today.

Instead, China seemed to offer Trump a face-saving way out of an apparent blunder by blaming the Taiwanese.

English-language commentaries then appeared in two state-run newspapers known to be used by China’s ruling Communist Party leadership to send messages abroad.

“Trump might be looking for some opportunities by making waves,” the Global Times said in an editorial today headlined, “Talk to Trump, punish Tsai administration.”

“However, he has zero diplomatic experience and is unaware of the repercussions of shaking up Sino-US relations,” the newspaper said.

“It is certain that Trump doesn’t want a showdown with China, because it is not his ambition, and neither was it included in his promise to the electorate.”

“He puts out feelers to sound China out and chalk up some petty benefits.”

China’s response was characteristically coded. But it now faces an incoming president who deals in outspoken tweets, not communiques.

Not true

Trump used a platform banned by censors in mainland China to renew several of his criticisms during the US presidential campaign. Some of his arguments aren’t true.

Taiwan’s official Central News Agency, citing anonymous sources on Saturday, said Edwin Feulner, founder of the Washington-based Heritage Foundation, was a “crucial figure” in setting up communication channels between the sides.

Vice President-elect Mike Pence yesterday said that the phone call shouldn’t necessarily be interpreted as a shift in US policy. He shrugged off the attention to the incident as media hype.

“It was a courtesy call,” Pence told NBC’s Meet the Press.

Ned Price, a spokesman for the White House National Security Council, said Trump’s conversation does not signal any change to long-standing US policy — although some in Taiwan expressed hopes for strong US support from the incoming administration.

In terms of Trump’s criticisms, Chinese imports are taxed at standard US rates, while Washington has recently slapped painful punitive tariffs on Chinese steel, solar panels and other goods.

And while China once kept a tight grip on the value of the yuan, also known as the renminbi, it now allows it to trade within a bandwidth 2% above or below a daily target set by the People’s Bank of China.

The yuan is currently trading at around a six-year low against the dollar. But economists now conclude that the currency is more or less properly valued in relation to the dollar and other foreign currencies.

Controls

And with economic growth slowing considerably and more Chinese trying to move money out of the country, the government is now spending massively to hold up the yuan’s value rather than depressing it as Trump and other critics accuse it of doing.

It has also imposed strict controls on Chinese moving money out of the country.

China has built up its military and constructed man-made islands in the South China Sea, and made sweeping territorial claims over almost the entire critical waterway. Those claims were broadly rejected in June by an international tribunal in The Hague.

Shi Yinhong, a professor of international relations at People’s University in Beijing, predicted China would not lash out immediately, but calibrate its response over the next several months after Trump enters the White House.

“Trump’s remarks will certainly raise the concerns of Chinese leaders,” Shi said. “But at the moment, they will be restrained and watch his moves closely.”

Calm

Meanwhile, Taiwan has urged China to stay calm after the Taiwanese leader’s unprecedented phone call to US President-elect Donald Trump angered Beijing, as residents and analysts in Taipei expressed fears at the possible fallout.
Ties between Taipei and Beijing have grown increasingly frosty since China-sceptic Tsai Ing-wen took power in Taiwan in May, ending eight years of cross-strait rapprochement.

Beijing has since cut off all official communication with the self-ruled island, which it still views as part of its territory.

Today Taiwan’s China affairs minister Chang Hsiao-yueh urged Beijing to consider the matter with a “calm attitude”. She told reporters:

“The government values ties with [China] and the president has reiterated time and again that Taiwan will not go back to the old way of confrontation… I don’t think there is an act of provocation.”

Tsai herself has made no comment but the presidential office has insisted there is “no conflict” between Taiwan maintaining relations with the US and with China.

In Taipei some said they now fear a Beijing backlash.

“I doubt that a short phone call will help Taiwan that much in the long-term, but it will infuriate China and they will likely take vengeful moves against Taiwan,” said receptionist Hu Chi-hui, 38.

Saleswoman Ho Li-chin, 43, told AFP she fears China will try to isolate Taiwan even more in the international community.

More harm than good

Political analysts said Tsai was gambling that the call would increase her bargaining power with Beijing.

Fan Shih-ping of the National Taiwan Normal University, said Tsai wanted to show Beijing that “giving Taiwan the cold shoulder would drive it further towards the US”.

But as she battles falling approval ratings at home over domestic issues, observers agreed the move was unlikely to significantly improve her popularity – and could damage it further.

“Beijing will not leave the matter at that and this could do Tsai more harm than good, such as prompting Beijing to get Taiwan’s diplomatic allies to switch recognition,” said Tang Shao-cheng, a political scientist at the National Chengchi University.

However, some residents voiced support for Tsai.

“Taiwan has the right to maintain relations with other countries and we shouldn’t look to China before taking our moves,” said pensioner Lin Ji-chen in Taipei. ”Taiwan should walk its own path.”

AFP

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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