logo
Trump opens Scottish golf course and vows 'peaceful world'

Trump opens Scottish golf course and vows 'peaceful world'

CNA3 days ago
BALMIDIE: Donald Trump officially opened his new golf course in Scotland on Tuesday (Jul 29), ending a five-day trip in which the US president signed a major trade deal with the EU and gave Russia less than two weeks to end the Ukraine war.
To the sound of bagpipes, secret agents and golfers criss-crossed the sprawling complex on the Aberdeenshire coast, waiting for the president to tee off.
"We started with a beautiful piece of land, but we made it much more beautiful, and the area has ... really, really welcomed us," Trump said before cutting the ribbon.
"We'll play it very quickly, and then I go back to (Washington) DC and we put out fires all over the world," he added.
"We have a world that's got some conflict, but we've ironed out a lot of it. We're gonna have a great and peaceful world."
Trump's campaign song, the Village People's "YMCA", blared out after the ribbon cutting, as fireworks exploded in the background.
The president then teed off with son Eric, who led the project.
"This will be a tremendously successful place and a place where people can come and enjoy life," the US leader said, highlighting how his trip has again blurred the lines between his presidency and his business interests.
"We wanted this to be the greatest 36 holes anywhere on Earth. And there's no question that that's been achieved," said Eric Trump.
"This was his Mona Lisa," he said of his father's connection with the course.
"Sculpting the dunes, sculpting the land, that was always his painting," he added.
TRADE DEAL
The new course features the world's largest natural bunker, dunes and greens overlooking the sea, with a "focus on environmental sensitivity", said a press release.
Visible out to sea were the offshore wind turbines that Trump unsuccessfully tried to block.
The president again spoke out against wind power as he hosted European Commission president Ursula von der Leyen on Sunday and UK Prime Minister Keir Starmer on Monday.
It was one of the many issues Trump addressed during free-wheeling press conferences at his other golf complex in Turnberry, western Scotland over the past days.
With Von der Leyen, he announced a trade agreement in which the EU resigned itself to 15 per cent tariffs on goods entering the United States, a deal heavily criticised across the continent.
At a press conference Monday with Starmer, Trump promised more aid for Gaza, gave Russian President Vladimir Putin a "10 or 12 day" ultimatum to cease hostilities in Ukraine.
"I really felt it was going to end. But every time I think it's going to end he kills people," Trump said of the Russian leader. "I'm not so interested in talking (to him) anymore," he added.
Trump also criticised London mayor Sadiq Khan at the press conference and waded back into UK politics on Tuesday when he took to his Truth Social platform to urge the government to cut taxes and incentivise oil drilling in the North Sea, denouncing wind turbines as "ugly monsters".
"Incentivise the drillers, FAST. A VAST FORTUNE TO BE MADE for the UK, and far lower energy costs for the people," he wrote.
Trump played golf at Turnberry on Saturday and Sunday on a visit that mixed leisure with diplomacy.
He is to fly back to Washington on Tuesday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nintendo Q1 profit grows 4%, beating estimates
Nintendo Q1 profit grows 4%, beating estimates

CNA

timea few seconds ago

  • CNA

Nintendo Q1 profit grows 4%, beating estimates

TOKYO :Nintendo on Friday said operating profit grew 4 per cent to 56.9 billion yen ($378 million) in the April-June quarter, beating analyst estimates. The Kyoto-based gaming company said it sold 5.82 million units of the Switch 2, which went on sale on June 5, during the quarter. The successor to the hit home-portable Switch gaming device launched in the midst of U.S Donald Trump's trade war, testing Nintendo's supply chain management. Nintendo maintained its full-year sales forecast of 15 million Switch 2 units. ($1 = 150.5800 yen)

Dollar strong as Trump imposes new tariff rates; yen slide spurs government warning
Dollar strong as Trump imposes new tariff rates; yen slide spurs government warning

CNA

time18 minutes ago

  • CNA

Dollar strong as Trump imposes new tariff rates; yen slide spurs government warning

TOKYO :The dollar headed for its best week in almost three years against its major peers, maintaining momentum on Friday after U.S. President Donald Trump imposed new tariff rates on dozens of trade partners. The dollar also gained on non-tariff catalysts, with the yen touching a four-month low, extending a steep decline from Thursday after the Bank of Japan signalled it was in no hurry to resume interest rate hikes. That prompted Japanese Finance Minister Katsunobu Kato to say on Friday that officials are "alarmed" by currency moves. The yen last changed hands at 150.46 per dollar after earlier dipping to 150.915 per dollar, its weakest since March 28. The U.S. dollar index - which measures the currency against a basket of six major peers including the euro, yen, Swiss franc and Canada's dollar - is on course to rise 2.4 per cent this week, its best weekly performance since a 3.1 per cent rally in September of 2022. On Friday, it ticked up 0.1 per cent to 100.14, its highest since May 29. Some countries fared much worse than others in tariff rates, hurting their currencies. Canada received a 35 per cent levy instead of an earlier threatened 25 per cent, briefly pushing the loonie down 0.12 per cent to C$1.3872, its lowest since May 22 versus its U.S. peer. The Swiss franc eased as much as 0.26 per cent to 0.8120 per dollar after Trump set a 39 per cent duty on Swiss imports, up from the 31 per cent he previously mooted. Asian emerging markets got swept up in the selloff as the tariff fallout rippled through the region. The Philippine peso slumped to its weakest level in six months, while Taiwan's dollar hit its lowest since early June. South Korea's won sank to levels last seen in mid-May. The euro remained pinned near an almost two-month low around $1.1428, as it continues to be weighed down by what markets see as a lopsided trade agreement with Washington. That wasn't far from Wednesday's low of $1.1401, a level not seen since June 10. "In the short-term, you can make the case for more dollar strength," said Mike Houlahan, director at Electus Financial in Auckland. "The lion's share of the tariff news has washed through." "The big move of the week has really been the euro getting rerated downwards," he said. "The net result would be the EU-U.S. trade deal is a further headwind for the euro." The EU's framework trade agreement with the U.S., struck on Sunday, was quickly criticized by French leaders and the German head of the European Parliament's trade committee as being unfair for Europe. PAYROLL DATA TO COME The U.S. dollar stayed strong even though Trump continued his attacks on Federal Reserve Chair Jerome Powell overnight, calling him a "terrible" Fed Chair and calling his own decision to appoint Powell to the position a "mistake". Trump's repeated threats to fire Powell and calls for the Fed to drastically cut rates have put the central bank's independence in question, hurting the dollar in recent months. The Fed shrugged off that pressure on Wednesday by holding policy steady, citing "somewhat elevated" inflation and a "solid" labour market. That view of employment will be tested later in the day with the release of the closely watched monthly payrolls data. Economists forecast that employment growth dropped to 110,000 new jobs in July from 147,000 new jobs the previous month, a notable slowdown but one that is not expected to be particularly worrying. "Data-wise, the U.S. looks resilient," said Shoki Omori, chief desk strategist at Mizuho Securities. "If the U.S. economy is already operating above potential, that bump can translate into a slightly higher neutral rate of interest, which is supportive for front-end bond yields and therefore the U.S. dollar," he said.

Asian shares set for worst week since April after US tariff blitz
Asian shares set for worst week since April after US tariff blitz

CNA

timean hour ago

  • CNA

Asian shares set for worst week since April after US tariff blitz

SYDNEY :Asian shares were headed for the worst week since April on Friday after the U.S. slapped dozens of trading partners with steep tariffs, while investors anxiously await U.S. jobs data that could make or break the case for a Fed rate cut next month. European stock markets are on track for a lower open, with EUROSTOXX 50 futures down 0.5 per cent. Both Nasdaq futures and S&P 500 futures slipped 0.2 per cent after earnings from Amazon failed to meet lofty expectations, sending its shares tumbling 6.6 per cent after hours. Late on Thursday, President Donald Trump signed an executive order imposing tariffs ranging from 10 per cent to 41 per cent on U.S. imports from foreign countries. Rates were set at 25 per cent for India's U.S.-bound exports, 20 per cent for Taiwan's, 19 per cent for Thailand's and 15 per cent for South Korea's. He also increased duties on Canadian goods to 35 per cent from 25 per cent for all products not covered by the U.S.-Mexico-Canada trade agreement, but gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal. "The latest tariff announcement offers some surface-level clarity, but beneath it lies a fog of uncertainty," said Thomas Rupf, Chief Investment Officer, Asia of VP Bank. "Despite some countries securing better terms, the overall impact is negative. We're entering an era of higher barriers to trade, which will have an impact and hurt growth." MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent to bring the total loss this week to 2.2 per cent, the biggest since April. South Korea's KOSPI plunged 3.5 per cent while Taiwanese shares fell 0.5 per cent. Japan's Nikkei dropped 0.6 per cent. Chinese blue chips fell 0.7 per cent and Hong Kong's Hang Seng index lost 0.8 per cent. Overnight, Wall Street failed to hold onto an earlier rally. Data showed inflation picked up in June, with new tariffs pushing prices higher and stoking expectations that price pressures could intensify, while weekly jobless claims signalled the labour market remained on a stable footing. Fed funds futures imply just a 39 per cent chance of a rate cut in September, compared with 65 per cent before the Federal Reserve held rates steady on Wednesday, according to the CME's FedWatch. Much now will depend on the U.S. jobs data due later in the day and any upside surprise could price out the chance for a cut next month. Forecasts are centred on a rise of 110,000 in July, while the jobless rate likely ticked up to 4.2 per cent from 4.1 per cent. The greenback found support from fading prospects of imminent U.S. rate cuts, with the dollar index up 2.5 per cent this week against its peers to 100, in the biggest weekly rise since late 2022. The Canadian dollar was little impacted by the tariff news, having already fallen about 1 per cent this week to a 10-week low. The yen was the biggest loser overnight, with the dollar up 0.8 per cent to 150.7 yen, the highest since late March. The Bank of Japan held interest rates steady on Thursday and revised up its near-term inflation expectations but Governor Kazuo Ueda sounded a little dovish in the press conference. Treasuries were largely steady on Friday. Two-year Treasury yields were flat at 3.9510 per cent, while benchmark 10-year yields ticked up 2 basis points to 4.3781 per cent, after slipping 2 bps overnight. In commodity markets, oil prices were little changed after falling 1 per cent overnight. U.S. crude rose 0.1 per cent to $69.36 per barrel, while Brent was at $71.8 per barrel, up 0.1 per cent.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store