US President Donald Trump wants to stop subsidies to India, China
Chicago : President Donald Trump on Friday said he wants to stop the subsidies that growing economies like India and China have been receiving as he wants the US, which he considers as a “developing nation”, to grow faster than anybody.
Addressing a fundraiser event in the Fargo city of North Dakota, he also accused the World Trade Organization (WTO) of allowing China to become a “great economic power”.
“We have some of these countries that are considered growing economies. Some countries that have not matured enough yet, so we are paying them subsidies. Whole thing is crazy. Like India, like China, like others we say, ‘oh, they’re growing actually’,” Trump said.
He said that they call themselves developing nations and “under that category they get subsidies.”
“We have to pay them money. This whole thing is crazy, but we’re going to stop it. We’re going to stop it. We have stopped it.
“We are a developing nation, too, OK? We are. As far as I’m concerned, we are a developing nation. I want to be put down in that category because we are growing, too. We are going to grow faster than anybody,” Trump said amidst applause from the audience.
Attacking the WTO, Trump said he thinks that the World Trade Organization was probably the worst of all. “But a lot of people don’t know what that is, that allowed China to become this great economic power”.
On the trade deficit between the US and China, which has led to a tariff war between the world’s top two economies, he said, “I’m a big fan of (Chinese) President Xi Jinping, but I told him, ‘we have to be fair’.”
“We can’t let China take $500 billion a year out of the United States and rebuild itself,” he added. The President also said that the US should get paid for securing the wealthy countries from the outside harm.
“I think it’s fine, but they got to pay us for this. We’re watching the whole world and they take it for granted.
“For years and years we’ve been protecting these countries. They’re making a fortune. They’ve had very little military cost. We have the biggest military cost in the world. Most of it goes to protecting outside countries, some of whom don’t even like us,” Trump said.
“We’re protecting countries that have -- I got to say, they do have respect for us now, but they didn’t have any respect for us, and they got to pay. They got to pay, you know, when they’re wealthy,” he said.
courtesy : hindustantimes.com
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Student killed, several injured as school picnic bus overturns
Nagpur (PTI): A student was killed and several students and teachers were injured as the bus carrying them to a picnic spot overturned near here on Tuesday morning, police said.
The accident took place when students and teachers of Saraswati High School in Shankar Nagar area here were heading for a picnic spot in neighbouring Wardha district in five buses.
One of the buses, with some 50 persons on board, overturned near Deoli Pendhari village on Hingani Road in a hilly section on the outskirts of the city, said an official of Hingna police station.
The deceased boy was a Class 7 student, he said, without disclosing the name. A girl and a teacher sustained severe injuries and were rushed to the All India Institute Of Medical Sciences, Nagpur, while others were taken to a nearby rural hospital.
Investigation is underway to determine the cause of the accident, police said.
