Trump praises ‘respected’ Hungary Dictator Viktor Orbán

At a press conference, the US president said Mr Orbán was “respected all over Europe” and had “kept [Hungary] safe”.

The conservative Hungarian premier is a controversial figure over his stances on immigration, press freedom and Russia.

Critics of the visit, including some Republicans, argue that Mr Orbán has eroded democracy in Hungary.

Why is Orbán visiting?

US officials say the two leaders had a private meeting aimed at strengthening American “re-engagement” in central Europe, and to negotiate trade deals in arms and energy.Hungary PM defiant as EU debates action

Orbán’s spokesman, Zoltán Kovács, said in a statement that both countries have “much that keeps us close”, including “Nato, security co-operation, energy security, migration, pro-family policies, and the protection of our Judeo-Christian heritage”.

Why is the visit controversial?

Mr Orbán is a divisive figure in European politics and has been criticised for moves to consolidate power and curb the power of the judiciary and media.

Like Mr Trump, he is tough on immigration.

Critics also worry about his desire to strengthen Hungary’s ties with Russia.

He has been shunned by US presidents in the past. He first visited in 2001 during his initial term as prime minister, but was refused a meeting with President Bush.

In a joint letter, several Democrat lawmakers condemned the visit, saying Mr Orbán “represents so many things that are antithetical to core American values”.

What did Trump and Orbán say?

Speaking to reporters, Mr Trump said: “I know he’s a tough man, but he’s a respected man, and he’s done the right thing, according to many people, on immigration.”

Mr Orbán, in response, said Hungary was “proud to stand together” with the US “on fighting illegal migration, on terrorism and protecting Christian communities all around the world”.

[BBC]

Trump says Kim Jong Un ‘knows that I am with him’ after North Korea fires tactical guided weapons

President Donald Trump said Saturday that a deal with North Korea ‘will happen,’ hours after the South Korean military said Pyongyang had fired new tactical guided weapons.

Trump said he believes Kim Jong Un will do nothing to interfere with the “great economic potential” of North Korea.

“He also knows that I am with him & does not want to break his promise to me,” Trump said. “Deal will happen!”

The South Korean military said Sunday that North Korea fired multiple rocket launchers including new tactical guided weapons. A military official told NBC News that Pyongyang did not launch ballistic missiles.

Seoul originally said the North had launched a single missile, but subsequently changed its language and said Pyongyang had launched several unidentified, short-range vertical objects.

Secretary of State Mike Pompeo said the projectiles landed in the sea east of the Korean peninsula and never posed a threat to South Korea, Japan or the United States.

“We know that they were relatively short range and beyond that we know they weren’t intercontinental ballistic missiles either,” Pompeo said.

The South Korean president’s office said Seoul and Washington are sharing detailed information and analyzing the material used in the projectiles and what exactly they were.

“In particular, we do notice that North Korea’s action this time has taken place when the de-nuclearization dialogue is in lull state,” presidential spokeswoman Koh Min Jung said. “We do hope that North Korea would positively participate in efforts to resume the dialogue.”

A senior U.S. administration official told NBC News that National Security Advisor John Bolton had “fully briefed” Trump on the situation.

White House spokeswoman Sarah Sanders said the administration is aware of North Korea’s actions: “We will continue to monitor as necessary,” she said.

In April, North Korea claimed to have “tested a powerful warhead” in the first public weapons test for the regime since Trump and Kim met for a historic summit in Singapore last year.

Trump and Kim held a second round of talks in Vietnam February of this year, but negotiations collapsed after Trump reportedly handed Kim a note demanding he turn over the North’s nuclear weapons and bomb fuel.

[CNBC]

Trump calls Putin and talks of ‘Russian hoax’

US President Donald Trump has said he spoke with Russian President Vladimir Putin in an hour-long call, covering issues including the “Russian hoax”.

“Had a long and very good conversation with President Putin,” the US president tweeted.

Mr Trump rebuked a reporter who asked whether he had warned Mr Putin against meddling in the 2020 elections.

It was the leaders’ first conversation since the Mueller report cleared Mr Trump of colluding with Russia.

The Kremlin confirmed in a statement the two had spoken, saying the call had been initiated by the White House.

Mr Trump and Mr Putin last spoke informally at December’s G20 Summit in Buenos Aires.

The US president tweeted on Friday about their latest conversation: “As I have always said, long before the Witch Hunt started, getting along with Russia, China, and everyone is a good thing not a bad thing.”

When asked in the White House on Friday whether he had warned Mr Putin that Moscow should not interfere in the next US presidential election, Mr Trump told the reporter she was “very rude”.

“We didn’t discuss that,” he said.

“Getting along with countries is a good thing and we want to have good relations with everybody.”

But the White House said the matter of alleged Russian meddling had been broached in the call.

[BBC]

Trump says he did not confront Putin on election interference in post-Mueller call


President Trump
 said he did not confront Russian President Vladimir Putinabout interfering in U.S. elections during a lengthy phone call earlier Friday, their first known conversation since the release of special counsel Robert Mueller’s report.

Trump told reporters in the Oval Office they briefly addressed the outcome of the report, but lashed out at NBC’s Kristen Welker who interjected to ask whether he warned Putin not to interfere, telling her “you are very rude.”

“We didn’t discuss that. Really, we didn’t discuss it,” Trump said when asked a second time, adding they instead “went into great detail” on issues such as Venezuela, North Korea and nuclear arms control.

Trump added that when the report was brought up, Putin “sort of smiled” and said “something to the effect that it started off being a mountain and ended up being a mouse.” 

The president said he agreed with Putin’s assessment of the Mueller report.

Trump addressed his conversation with Putin hours after White House press secretary Sarah Huckabee Sanders informed reporters of the call, which she said lasted more than an hour.

Sanders said the two men discussed Mueller’s probe “very, very briefly” but dodged when asked if Trump addressed the subject of election interference.

“It was discussed essentially in the context of that it’s over and there was no collusion, which I’m pretty sure both leaders were well aware of long before this call took place,” she said. “Now they moved on to talk about those topics.”

Trump said the discussion was focused on brokering a new nuclear arms treaty with Russia, and possibly China, as well as the crisis in Venezuela and denuclearizing North Korea.

The president’s comments are sure to reignite criticism that he is not doing enough to counter Moscow’s attempts to meddle in elections. Those criticisms reached a fever pitch last summer when Trump failed to publicly confront Putin during a summit meeting about his government’s attempts to interfere in the 2016 election.

Mueller’s 448-page report determined that Russia interfered in the 2016 election “in systematic fashion,” an effort that included a social media campaign and the release of stolen documents from key Democrats in order to help Trump.

The special counsel concluded there were multiple “Russian offers of assistance” to the Trump campaign and in some cases, the campaign was “receptive to the offer” but other times “campaign officials shied away.”

Trump has instead seized on Mueller’s finding that the Trump campaign and Moscow did not engage in a criminal conspiracy, claiming there was “no collusion” and calling the report a “complete and total exoneration.”

Members of Trump’s administration have cautioned that Russia still poses a real threat to the nation’s elections.

FBI Director Christopher Wray said last week that Russia is committed to interfering again in the 2020 contests, calling it a “significant counterterrorism threat.” But Trump has reportedly bristled at their warnings behind closed doors because he sees questions about Russian influence as undermining the legitimacy of his victory in 2016. 

Sanders defended the Trump’s handling of the Putin call and faulted former President Barack Obama for not doing enough to deter the interference campaign in 2016.

“We’re actually doing things to prevent everybody from meddling in our elections, something the other administration failed to do,” she told reporters later Friday. “The president’s been clear that no one needs to meddle in our election. He doesn’t need to do that every two seconds.”

[The Hill]

After Call, Trump Says Putin ‘Not Looking at All to Get Involved in Venezuela’

President Donald Trump spoke with Vladimir Putin today about a number of topics––apparently not Russian meddling, though––including Venezuela.

The United States recognizes Juan Guaido as the interim president of Venezuela, and amid the uprising this week officials in the Trump administration have called out Russia’s role in helping prop up Nicolas Maduro.

Secretary of State Mike Pompeo claimed on CNN earlier this week that Maduro was ready to leave but was talked out of it by the Russians. (The Russian foreign ministry called this “fake news” in response.)

In an interview yesterday, Pompeo said, “The Cubans invaded some time ago; the Russians have now followed suit. The numbers of Cubans in the security apparatus alone are in the thousands. The Russians have people working over there in the hundreds, if not more. These are the folks who are actually controlling the direction of travel for Venezuela.”

Both John Bolton and Acting Defense Secretary Patrick Shanahan also called out Russia for propping up Maduro:

Trump said today Venezuela came up in his call with Putin:

“Venezuela was one of the topics. And he is not looking at all to get involved in Venezuela other than he’d like to see something positive happen in Venezuela, and I feel the same way.”

[Mediaite]

Stock Market Falls as Trump threatens tariffs on $11 billion of EU goods

U.S. stocks closed lower Tuesday, with the S&P 500 snapping its eight-day winning streak, on fears over escalation of trade tensions with the European Union and a weaker global outlook from the International Monetary Fund.

How did the benchmarks fare?

The Dow Jones Industrial Average DJIA, -0.72%  dropped 190.44 points, or 0.7%, to close at 26,150.58, while the S&P 500 index SPX, -0.61% fell 17.57 points. or 0.6%, to 2,878.20. The Nasdaq Composite Index COMP, -0.56% declined 44.61 points, or 0.6%, to 7,909.28.

What drove the market?

The office of the U.S. Trade Representative threatened to levy tariffs on many European goods late Monday. The threat is a retaliation against European companies’ subsidies for aircraft manufacturer Airbus SE EADSY, -1.82% If the U.S. follows through, the proposed tariffs would affect about $11 billion in imports to the U.S., including helicopters, bicycles, cheese and wine.

Lighthizer said the Trump administration would wait for World Trade Organization clearance to implement the duties. President Donald Trump Tuesday morning tweeted that the EU has taken advantage of the U.S., adding that it would “soon stop!”:

The U.S.-EU tensions comes with the administration reportedly close to resolving a yearlong spat with China, which has roiled markets amid fears the clash between the world’s largest economies could disrupt global economic growth.

The IMF lowered the outlook for global economic growth in 2019 to 3.3% from 3.5% projected in January, marking its third reduction of growth expectations in six months. The decline has been broadly felt, with all advanced economies, including the U.S., and most major emerging-market economies seeing deterioration in their outlook.

Meanwhile, data pointed to a tightening of the U.S. labor market. The number of job openings in the U.S. fell by 538,000 to 7.1 million on the last business day of February, marking the smallest number of job openings since March of 2018.

The National Federation of Independent Business’s small-business optimism index edged up 0.1 point to a seasonally adjusted 101.8, marking the third month in a row in a narrow range.

What were strategists saying?

“The tariff threat is probably what’s moving markets negatively,” Karen Cavanaugh, senior market strategist with Voya Investment Management, told MarketWatch, though she noted that tariffs being discussed are relatively small. “We’re in an information vacuum before earnings season, and right now any little thing could move markets until we get something substantial to sink our teeth into.”

“Sentiment in continental Europe is holding up well, considering the heightened tensions between Washington, D.C., and Brussels in relation to the threat of $11 billion worth of tariffs being imposed on European imports,” wrote David Madden, market analyst at CMC Markets, in a research note.

Which stocks were in focus?

Apple Inc. AAPL, -0.30%  surrendered early gains to fall 0.3%, bringing its nine-day win streak to a close as its effort to reclaim $1 trillion in market cap took a pause.

Shares of Wynn Resorts LtdWYNN, -3.86% dropped 3.9% after the company terminated talks to purchase Australia’s Crown Resorts.

Shares of Paris-listed Airbus SE AIR, -1.86%  were off 1.9% amid the U.S. tariff threat. U.S. listed shares EADSY, -1.82% also fell 1.8%.

Avaya Holdings CorpAVYA, +4.17% shares gained 4.2% after Bloomberg reported that the communications software company is organizing a sales process for the company, following the receipt of unsolicited bids.

General Electric CoGE, -2.85% shares slid 2.9% a day after J.P. Morgan analyst Stephen Tusa downgraded the stock.

Shares of American Airlines Group IncAAL, -1.68% fell 1.7% after the company cut its first quarter guidance.

How were other markets trading?

Markets in Asia closed on a mixed note, with Japan’s Nikkei 225 NIK, -0.61%adding 0.2%, Hong Kong’s Hang Seng Index HSI, -0.35% rising 0.3%, while the Shanghai Composite Index SHCOMP, -0.39% lost 0.2%. European stocks were lower, with the Stoxx Europe 600 SXXP, -0.47% down 0.5%.

In commodities markets, the price of oil CLK9, +0.19% retreated from five-month highs, while gold futures GCM9, -0.13% settled higher. The U.S. dollarDXY, +0.02% was mostly unchanged.

[MarketWatch]

Trump Overrules Own Experts on Sanctions, in Favor to North Korea

President Trump undercut his own Treasury Department on Friday with a sudden announcement that he had rolled back newly imposed North Korea sanctions, appearing to overrule national security experts as a favor to Kim Jong-un, the North Korean leader.

The move, announced on Twitter, was a remarkable display of dissension within the Trump administration. It created confusion at the highest levels of the federal government, just as the president’s aides were seeking to pressure North Korea into returning to negotiations over dismantling its nuclear weapons program.

“It was announced today by the U.S. Treasury that additional large scale Sanctions would be added to those already existing Sanctions on North Korea,” Mr. Trump tweeted. “I have today ordered the withdrawal of those additional Sanctions!”

The Treasury Department announced new sanctions on Friday against Iran and Venezuela, but not North Korea.

However, economic penalties were imposed on Thursday on two Chinese shipping companies suspected of helping North Korea evade international sanctions. Those penalties, announced with news releases and a White House briefing, were the first imposed against North Korea since late last year and came less than a month after a summit meeting between Mr. Trump and Mr. Kim collapsed in Hanoi, Vietnam, without a deal.

It was initially believed that Mr. Trump had confused the day that the North Korea sanctions were announced, and officials said they were caught off guard by the president’s tweet. Asked for clarification, Sarah Huckabee Sanders, the White House press secretary, declined to give specifics.

“President Trump likes Chairman Kim, and he doesn’t think these sanctions will be necessary,” she said.

Hours later, two officials familiar with Mr. Trump’s thinking said the president was actually referring to additional North Korea sanctions that are under consideration but not yet formally issued.

That statement sought to soften the blow that Mr. Trump’s tweet had dealt to his most loyal aides. Steven Mnuchin, the Treasury secretary, personally signed off on the sanctions that were issued on Thursday and hailed the decision in an accompanying statement.

“The United States and our like-minded partners remain committed to achieving the final, fully verified denuclearization of North Korea,” Mr. Mnuchin said in the statement. He described the sanctions as part of an international campaign against North Korea that “is crucial to a successful outcome.”

Sanctions are one of America’s most powerful tools for pressuring rogue nations. Mr. Mnuchin has taken great pride in bolstering Treasury’s sanctions capacity and often says that he spends half of his time working on sanctions matters.

Tony Sayegh, a Treasury Department spokesman, referred questions about Friday’s sanctions confusion to the White House.

John R. Bolton, the president’s national security adviser, had also hailed the earlier action against North Korea in a tweet on Thursday: “Everyone should take notice and review their own activities to ensure they are not involved in North Korea’s sanctions evasion.”

Mr. Trump has been eager to strike a deal for North Korea to surrender its nuclear weapons arsenal and, in turn, hand him a signature foreign policy achievement that has eluded his predecessors. Hawks in the administration, such as Mr. Bolton, have been wary of trusting Mr. Kim despite Mr. Trump’s professed strong personal connection to the North Korean leader.

Last month, Mr. Trump was criticized for defending Mr. Kim over the death of Otto F. Warmbier, an American college student who died in 2017 after being imprisoned in North Korea. Mr. Trump said he believed Mr. Kim’s claim that he was not aware of Mr. Warmbier’s medical condition.

But in recent weeks there have been increasing signs that the thawing relations between the two countries could again turn frosty.

This month, a vice foreign minister of North Korea, Choe Son-hui, accused Secretary of State Mike Pompeo and Mr. Bolton of creating an “atmosphere of hostility and mistrust” despite the chemistry between Mr. Trump and Mr. Kim.

In another sign of hardening on Friday, North Korea withdrew its stafffrom the joint liaison office it has operated with South Korea since September. The office was viewed as a potential first step toward the Koreas establishing diplomatic missions in each other’s capitals. But North Korea has expressed frustration with how South Korea has been handling its role as a mediator with the United States.

The talks between Mr. Trump and Mr. Kim broke down because North Korea wanted the United States to roll back some of its most economically painful sanctions without the North immediately dismantling its nuclear program.

As the linchpin of the global financial system, the United States relies on sanctions as one of its most powerful tools for international diplomacy. Officials at the Treasury and State Departments, including career staff members and political appointees, spend months carefully drafting sanctions based on intensive intelligence gathering and legal research.

The North Korea sanctions were no different, and the White House held a formal briefing on Thursday afternoon to explain the rationale behind the actions.

During the briefing, senior administration officials pushed back on the idea that the sanctions sought to increase pressure on North Korea. Instead, they said, the new measures were meant to maintain the strength of existing sanctions.

But one of the senior administration officials strongly rebutted any suggestion that the administration would ease some sanctions as confidence building, or in return for smaller steps by North Korea.

“It would be a mistake to interpret the policy as being one of a step by step approach, where we release some sanctions in return for piecemeal steps toward denuclearization” said the administration official, who spoke to reporters on the condition of anonymity. “That is not a winning formula and it is not the president’s strategy.”

While it is not unusual for the White House to have comment and even final approval of major sanctions, both Republican and Democratic lawmakers have expressed doubts about Mr. Trump’s ability to execute sanctions policy responsibly.

In 2017, Congress passed legislation imposing sanctions on Russia and limiting the president’s authority to lift them. Under pressure from his own party, Mr. Trump reluctantly signed the bill.

The reversal on the North Korea sanctions drew swift condemnation on Friday from Democrats, who accused the president of being reckless with national security.

“Career experts at the Treasury Department undertake a painstaking process before imposing sanctions,” said Senator Ron Wyden of Oregon, the top Democrat on the Finance Committee. “For Donald Trump to overturn their decision via tweet because he has an inexplicable fondness for one of the world’s most brutal dictators is appalling.”

He added, “Without a well-conceived diplomatic strategy, Trump is simply undermining our national security by making clear that the United States is not a trusted foreign policy partner.”

Some Republicans also pushed back against the president, with Senator Cory Gardner of Colorado saying that North Korea sanctions should be imposed. “Strategic Patience failed,” he tweeted. “Don’t repeat it.”

Mr. Trump’s decision stunned current and former Treasury Department officials, some of whom wondered if the move was planned in advance as a gesture to Mr. Kim. Others feared that America’s vaunted sanctions regime had been compromised.

“For an administration that continues to surprise, this is another first — the president of the United States undercutting his own sanctions agency for imposing sanctions on Chinese actors supporting North Korea,” said John E. Smith, the former director of the Treasury Department’s Office of Foreign Assets Control, who left the department last year. “It’s a win for North Korea and China and a loss for U.S. credibility.”

Sarah Bloom Raskin, who was deputy Treasury secretary under President Barack Obama, said the sudden backtracking on a decision that would normally be made with comment from intelligence agencies and the National Security Council was perplexing.

“Reversing sanctions decisions within hours of making the announcement that you would impose them in the first place is a head-spinner,” she said. “This reversal signals the injection of some peripheral consideration or factor that only the president seems to know about and that may have nothing to do with national security.”

The Trump administration did issue some new sanctions on Friday. The Treasury Department announced sanctions against Iran, targeting a research and development unit that it believes could be used to restart the country’s nuclear weapons program. It also imposed sanctions on Bandes, Venezuela’s national development bank, and its subsidiaries, as part of its effort to topple the government of President Nicolás Maduro.

[The New York Times]

Trump says he’s ‘very proud’ to hear Bolsonaro use the term ‘fake news’

President Trump said Tuesday that he was “very proud” to hear Brazilian President Jair Bolsonaro use the term “fake news” during a news conference at the White House.

Trump offered praise for his Brazilian counterpart, who has earned the nickname “Trump of the Tropics” for his similarities to the U.S. leader, during a diatribe against tech companies and broadcast networks. Trump suggested that those two groups are biased against him and other conservatives.

“You look at the networks, you look at the newscasts. I call it fake news,” Trump said. “I’m very proud to hear the president use the term fake news.”

Bolsonaro invoked the term Trump regularly uses to describe unfavorable news coverage during his opening remarks.

“Brazil and the United States stand side-by-side in their efforts to ensure liberties in respect to traditional family lifestyles, respect to God our creator, against the gender ideology or the politically correct attitudes and against fake news,” he said through a translator.

Tuesday’s news conference underscored the similarities and friendly relationship between Trump and Bolsonaro, who took over as president in January. The two men spoke of improving relations between their respective countries, and referenced their closely aligned views.

“I also know that we’re going to have a fantastic working relationship,” Trump said. “We have many views that are similar.”

Bolsonaro later predicted that Trump will win reelection in 2020.

“It’s an internal affair, we will respect whatever the ballots tell us on 2020,” he said through a translator. “But I do believe Donald Trump is going to be reelected.”

[The Hill]

Reality

Bolsonaro promised in his campaign he would shoot political opponents, including the press. Donald Trump is again promoting violence against those who disagree with him.

Trump points to Dems over failure of North Korea summit

President Trump on Sunday appeared to point blame at Democrats for the collapse of his negotiations with North Korean leader Kim Jong Un last week.

“For the Democrats to interview in open hearings a convicted liar & fraudster, at the same time as the very important Nuclear Summit with North Korea, is perhaps a new low in American politics and may have contributed to the “walk” Never done when a president is overseas. Shame!” Trump tweeted.

The president was referring to the testimony of his former personal attorney, Michael Cohen, which occurred simultaneously with his summit in Hanoi, Vietnam. 

Cohen testified before the House Oversight and Reform Committee, where he accused the president of lying to the public about hush money payments and floated the possibility of Trump’s collusion with Moscow.

Cohen was sentenced to prison last year after pleading guilty to financial crimes, campaign finance violations and lying to Congress. He sentence is set to begin on May 6.

While Cohen was on Capitol Hill, Trump was in Hanoi, at his second meeting with Kim.

Trump entered negotiations with the hope of securing a deal that involved North Korea denuclearizing, but talks ended abruptly without any type of deal, which Trump alludes to in his tweet. 

The president told reporters following the summit that the U.S. was not willing to fully lift sanctions in exchange for partial denuclearization, stating that “[s]ometimes you have to walk, and this was just one of those times.”

A North Korean official disputed that characterization of the country’s position adding that Kim “may have lost the will” to engage in future negotiations.

“This proposal was the biggest denuclearization measure we could take at the present stage in relations to [the] current level of confidence between the DPRK and the United States,” North Korea’s foreign minister said.

[The Hill]

Trump claims Otto Warmbier comments were ‘misinterpreted’

President Trump on Friday claimed that he was “misinterpreted” when he said he took Kim Jong Un “at his word” when the dictator denied knowing what happened to US college student Otto Warmbier’s while he was in a North Korean prison.

“I never like being misinterpreted, but especially when it comes to Otto Warmbier and his great family. Remember, I got Otto out along with three others. The previous Administration did nothing, and he was taken on their watch,” Trump wrote on Twitter after increasing criticism of his acceptance of Kim’s denial.

“Of course I hold North Korea responsible for Otto’s mistreatment and death. Most important, Otto Warmbier will not have died in vain. Otto and his family have become a tremendous symbol of strong passion and strength, which will last for many years into the future. I love Otto and think of him often!” he continued, without mentioning Kim or his denial.

Earlier Friday, Warmbier’s parents directly blamed Kim for their son’s death and blasted his “evil regime.”

“We have been respectful during this summit process. Now we must speak out. Kim and his evil regime are responsible for the death of our son Otto,” Fred and Cindy Warmbier said in a scathing statement that rebuked Trump’s assertion.

“Kim and his evil regime are responsible for unimaginable cruelty and inhumanity. No excuses or lavish praise can change that,” added the couple, who were Trump’s guests at his 2018 State of the Union address.

The president drew criticism when he praised Kim’s leadership and said he believed the despot’s claims that he was unaware of how the 22-year-old college student from Ohio had been treated in a North Korean prison.

“Some really bad things happened to Otto — some really, really bad things. But he tells me that he didn’t know about it, and I will take him at his word,” Trump said during a press conference after his summit with Kim broke down.

“I really don’t think it was in his interest at all,” he said, adding that Kim felt “very badly” about the young man’s death.

[New York Post]

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