Rishi Sunak says UK-US relationship is in ‘great shape’ – after White House denies Biden is ‘anti-British’

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2 years ago

April 12, 2023

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Rishi Sunak says the relationship between the UK and US is “in great shape” after he held talks with Joe Biden, despite strong criticism of the president from one of Northern Ireland’s main parties.

Mr Biden arrived in the region late last night for his trip to the island of Ireland to mark 25 years of the Good Friday Agreement, and was greeted by the prime minister on the tarmac at Belfast International.

But the president, who often refers to his Irish roots, faced a swathe of criticism from senior figures in the Democratic Unionist Party (DUP), who claimed he was “anti-British” and “hates the UK”.

The White House was forced to deny the accusations, calling them “simply untrue”, and insisting Mr Biden was “a strong supporter” of relations between the countries.

Commentators have also questioned the lack of time Mr Sunak and his US counterpart were spending together on the four-day trip, with only the greeting on Tuesday night and a 45-minute coffee at the Belfast Grand Central Hotel on Wednesday – dubbed a “bi-latte” by one US newspaper – in the diary.

Biden visit latest:
‘Enemies of peace will not prevail’ – updates

However, the PM pointed to the fact it was the president’s fourth visit to the UK since taking office, and the pair already had two further meetings set for May and June.

Speaking to reporters after the meeting, Mr Sunak said: “[Mr Biden] and I had a very good discussion today about a range of issues, [like] economic investment in Northern Ireland, but also a range of foreign policy issues, [like] the importance of economic security, and that comes on the back of a meeting I had with him last month in the US.

“We are very close partners and allies, we cooperate and talk on a range of things – whether that is supporting Ukraine or as I said economic security.

“I think, actually, the relationship is in great shape and the president and I have lots we are working on together.”

Mr Biden’s visit comes amid ongoing paralysis in the Northern Ireland Assembly at Stormont, with the DUP refusing to re-join the power sharing agreement over the UK government’s post-Brexit arrangements on trade.

Mr Sunak stuck a new deal with the EU back in February, known as the Windsor Framework, in an attempt to solve ongoing issues in the region under the Norther Ireland Protocol.

But despite it getting the overall approval of the Commons, the DUP voted against it, saying Northern Ireland would still be subject to some EU laws, threatening its place in the UK’s internal market.

President Biden met the leaders of the region’s five main political parties – including the DUP’s Sir Jeffrey Donaldson – after his talk with Mr Sunak and before delivering an address at Ulster University this afternoon to commemorate the Good Friday Agreement – the deal that largely ended 30 years of bloodshed between republicans and loyalists.

During his carefully worded speech, Mr Biden said Brexit had created “complex challenges” for Northern Ireland, but said gave his backing to the Windsor Framework, saying it addressed “the practical realities” of Brexit.

The president then urged a return to power sharing at Stormont, saying: “As a friend, I hope it’s not too presumptuous for me to say that I believe democratic institutions established through the Good Friday Agreement remain critical to the future of Northern Ireland.

“It’s a decision for you to make, not me.”

Sir Jeffrey said his party “want to see the political institutions back up and running”, but any post-Brexit deal needed to ensure Northern Ireland “continues to have access to the whole of the United Kingdom and its internal market and that the arrangements to facilitate trade with the EU don’t get in the way with our ability to trade with our own country”.

Speaking to Sky News after the speech, he added: “I think there is further work that needs to be done [on the framework] and we will engage with the government to see what further can be delivered in terms of respecting and protecting Northern Ireland’s ability to trade within the United Kingdom and its internal market.

“I want to see a solution that works for everyone in Northern Ireland.”

He also revealed Mr Biden “didn’t seek to apply any pressure” on him about a return to Stormont during their one-on-one meeting, saying the president “recognises it is the political leadership here that needs to take the decisions to move forward”.

However, the leader of Sinn Fein in Northern Ireland, Michelle O’Neill, said Mr Biden had sent “a clear message to the DUP”.

She added: “I think the message here from this visit is going to be one about peace, prosperity and about stability, and that means we need the political leg of things to work as well. I’m committed to making it work.”

The sentiment was echoed by the deputy leader of the Alliance Party, Stephen Farry, who told Sky News: “There was a very clear message today. The US has been very heavily invested in our peace process, it is clear they want to remain very closely invested, but we also have to help ourselves in Northern Ireland.

“There was a very clear steer the Assembly and the Executive [in Stormont] need to be restored and restored quickly so we can ensure we can do the basics to attract investment. It is out there for us but unless we get our act together it is not going to happen.”

Also speaking to Sky News, leader of the SDLP Colum Eastwood said Mr Biden was “very clear” in his meetings with party leaders that there were “big opportunities” for American investment in the region and that the US wanted to support the peace process.

“But we need political stability,” he added. “We need an assembly. We need the DUP to go back into government. It is pretty obvious and there for the taking. I don’t know how anyone could look this gift horse in the mouth.

“The DUP need to get on with it. The deal between [the UK] and Europe is done and it is actually a good deal. It allows us to trade in both markets. The Americans want to help us. Let’s get on with it.”

Earlier on Wednesday, other members of the DUP launched scathing attacks on the president ahead of his speech in Northern Ireland.

One of the party’s MPs Sammy Wilson claimed Mr Biden had “a record of being pro-Republican, anti-Unionist, anti-British”.

And former first minister of Northern Ireland, Baroness Foster, said the president “hates the UK”.

Senior director for Europe at the US National Security Council, Amanda Sloat, called the claims “simply untrue”, adding: “The fact that the president is going to be engaging for the third time in three months, and then again next month and then again in June with the prime minister of the UK, shows how close our co-operation is with the UK.

“President Biden obviously is a very proud Irish-American, he is proud of those Irish roots, but he is also a strong supporter of our bilateral partnership with the UK, and not only on a bilateral basis within NATO, the G7, on the UN Security Council, and we truly are working in lockstep with the British government on all of the pressing global challenges that our countries are facing.”

Some have suggested the US president’s time in the region would have been longer had Stormont been sitting – but instead he will cross the border to Ireland this afternoon for a number of engagements, including meeting the Irish president and prime minister in Dublin and a tour of Carlingford Castle in Co Louth, where he traces his roots to.

Downing Street played down claims yesterday that the engagement between Mr Biden and Mr Sunak was “low-key” and scaled back, even though the PM did not stay to watch the president’s speech – with the UK government instead being represented by Northern Ireland secretary Chris Heaton-Harris.

Mr Heaton-Harris rejected claims Mr Sunak had “snubbed” the president, instead saying the PM had “other private engagements that he has gone to” and it was “a perfectly legitimate thing to do”.

World

‘Wolf of Wall Street’ Jordan Belfort breaks silence on Trump’s tariffs

Published

5 hours ago

April 11, 2025

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'Wolf of Wall Street' Jordan Belfort breaks silence on Trump's tariffs

‘Wolf of Wall Street’ Jordan Belfort has told Sky News there’s “no way” Donald Trump is guilty of insider trading or market manipulation.

Opponents say the president has questions to answer after he said it was a “great time to buy” shares – four hours before the stock market surged on Wednesday when he paused tariffs.

Mr Belfort told Gillian Joseph the fact Mr Trump made the statement on social media meant it was public, rather than him tipping off a few people.

Tariffs latest: Trump – ‘everything will be beautiful in the end’

Speaking on The World programme, Mr Belfort said: “I personally don’t find it overly suspicious. Especially since he’s told it to everybody at once.

“If he hadn’t said anything and told five of his best friends ‘I’m gonna ease this tariff situation – you should be buying’, that would be illegal.”

Insider trading is when people take advantage of non-public information to buy or sell shares and make a gain.

The former stockbroker was famously played by Leonardo DiCaprio in the film about his early life and admitted crimes related to stock manipulation.

Mr Belfort said Mr Trump’s post was just repeating what the president had said previously, and that buying when share prices plunge is a well-known investment move.

“He had been saying that all along [to buy], it wasn’t the only time he’d said that,” said Mr Belfort.

“[Treasury] Secretary Bessent had been saying that too. It’s a really basic piece of advice.”

Stock markets around the world plunged dramatically on Monday due to the start of America’s wide-ranging tariffs on imports from around the world.

The world economy was rattled again just two days later when the president said nearly all of the taxes would go on hold for 90 days.

The key S&P 500 index jumped nearly 10% – a huge daily increase.

Rival Democrat politicians say Mr Trump‘s encouragement to buy raises “grave ethics concerns”.

Some are calling for an urgent inquiry into whether any of his family or administration officials benefited by dealing in the stock market ahead of time.

The White House said the president’s post was simply reassuring Americans “about their economic security in the face of nonstop media fearmongering”.

Mr Belfort accused Democrat figures of trying to “earn brownie points with the media and their party”.

‘Not gonna be pretty’

Despite the mid-week surge, turbulence in stock markets appears far from over – chiefly because China and the US remain locked in a tariffs stare down.

American indexes closed down again on Thursday, Japan’s Nikkei fell about 5% early on Friday, and Hong Kong stocks are heading for their worst week since 2008.

Gold meanwhile, considered a “safe haven” asset, has climbed to a record price and earlier today passed the $3,200/oz level for the first time.

Mr Belfort told Sky News that while he was against tariffs generally, President Trump’s dramatic intervention was necessary as the US has an “insane” trade imbalance and imports far more than it exports.

“The United States has been drained of its wealth, drained of its factories,” he said.

“It’s not gonna be pretty,” added Mr Belfort. “There’s going to be pain – but the path we were on before is simply unsustainable. It had to change.”

He said he was sceptical over fears the tariffs will hit US consumers hard, with some predicting goods – including popular items such as the iPhone – could jump in price if costs are passed on.

The former trader said he believes firms would shift production from China, which is subject to a tariff of more than 100%, to places such as India, and that exemptions would eventually be agreed.

He also gave the thumbs up to Elon Musk‘s controversial government efficiency role which has forced thousands of jobs cut.

“I love what is being done because the amount of abuse and waste and fraud, it’s absolutely insane,” said Mr Belfort.

“It’s a great thing that’s happening. Obama talked about doing it, Clinton tried it; this is not a new idea to try to make the government more efficient.”

If Mr Musk leaves or quits in the near future, as is rumoured, Mr Belfort said the world’s richest man has installed “some very seasoned business people that really care about the country”.

World

Day 82: Stock market whiplash – did Trump’s friends get richer?

Published

5 hours ago

April 11, 2025

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Day 82: Stock market whiplash - did Trump's friends get richer?

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With markets tumbling again, President Trump has been meeting his cabinet – where more questions were put to him over his turbulent tariff plan. On Day 82, US correspondents Mark Stone and James Matthews discuss what happened.

Plus, Mark has been on the road in Wisconsin and Minnesota, speaking to people caught up in the crossfire of the trade war.

If you’ve got a question you’d like James, Martha, and Mark to answer, you can email it to trump100@sky.uk.

Don’t forget, you can also watch all episodes on our YouTube channel.

World

How Trump changed his mind on tariffs

Published

20 hours ago

April 10, 2025

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“Liberation Day” just gave way to Capitulation Day.

US President Donald Trump pulled back on Wednesday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.

Mr Trump’s early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy.

His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony.

Tariffs latest: Beijing takes fight to Trump

The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who’ve been sinking their savings into 401(k)s to rethink their retirement plans.

Ahead of Mr Trump’s announcement, some of his advisers had been in a near panic about the bond markets, a senior administration official told Sky News’ US partner network NBC News.

Interest rates on 10-year Treasury bonds had been rising, contrary to what normally happens when stock prices fall and investors seek safety in treasuries.

The unusual dynamic meant that at the same time the tariffs could push up prices, people would be paying more to buy homes or pay off credit card debt because of higher interest rates. Businesses looking to expand would pay more for new loans.

Two of Mr Trump’s most senior advisers, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, presented a united front on Wednesday, urging him to suspend the tariffs in light of the bond market, the administration official said.

In a social media post, Mr Trump announced a 90-day pause that he said he’ll use to negotiate deals with dozens of countries that have expressed openness to revising trade terms that he contends exploit American businesses and workers.

One exception is China. Mr Trump upped the tariff on the country’s biggest geopolitical rival to 125%, part of a tit-for-tat escalation in an evolving trade war.

Mr Trump reversed course one week after he appeared in the Rose Garden and unveiled his plan to bring jobs back to the United States. Displaying a chart showing the new, elevated tariffs that countries would face, Mr Trump proclaimed: “My fellow Americans, this is Liberation Day.”

It proved short-lived. Markets plunged in anticipation of heightened trade wars, wiping out trillions of dollars in wealth.

Democrats seized on the issue, looking to undercut a source of Mr Trump’s popular appeal: the view that he can be trusted to steer the nation’s economy.

“Donald Trump’s market crash has vaporised a whopping $104,000 from the average retirement account,” Senate Minority Leader Chuck Schumer, said on Wednesday on the Senate floor, hours before the president’s reversal.

The episode laid bare the rifts within Mr Trump’s team of senior advisers as the White House struggled to offer a clear, consistent argument about the duration of the tariffs.

While Mr Bessent seemed open to negotiations, Peter Navarro, a senior trade adviser, appeared to take a more hard-line posture.

Elon Musk, the billionaire Tesla chief executive who has been advising Mr Trump on the government workforce, called Navarro “dumber than a sack of bricks,” while Mr Navarro described Mr Musk as someone who is merely “a car assembler, in many cases”.

But the weeklong drama also underscored the peril of a policymaking process that is often tied to the wishes and vagaries of one man: Donald Trump.

Asked about the dust-up between Mr Musk and Mr Navarro, Republican Senator Lindsey Graham, a golf partner of Mr Trump’s, said: “I don’t think it matters. The only one who matters is Trump.”

Markets tend to favour predictability, as do business leaders deciding where to build new plants. When Mr Trump sets a course, however, there are bound to be detours.

A friend of his who spoke to him in recent days said Mr Trump gave no sign he was about to “back down quickly on this stuff”.

Mr Trump believes other countries trade unfairly and sees tariffs as a tool to make the United States more competitive, the person said.

“He’s very confident it’s going to work for him,” the person added, speaking on condition of anonymity.

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And yet in the run-up to Wednesday’s announcement, Mr Trump and his aides were also hearing from GOP lawmakers and outside allies urging an alternative path.

One was Larry Kudlow, who hosts a show on Fox Business Network and was a senior economic adviser in Mr Trump’s first term.

Mr Kudlow told NBC News that he has had “ongoing” talks with friends in the West Wing about the need to negotiate with other countries before the United States slaps them with tariffs that stand in perpetuity.

Describing Mr Trump’s move Wednesday as “fabulous,” Mr Kudlow added: “Dealmaking is the best thing to do. In the last 48 hours, Trump has gone from non-negotiating to negotiating.

“It’s very clear that Bessent is now the point man on trade. Very clear.”

Anxious GOP lawmakers also weighed in.

Mr Graham said he spoke to Mr Trump at length on Tuesday night and told him he had been hearing from car manufacturers who are worried about how the tariffs would affect their business. BMW operates a plant in Mr Graham’s home state and is one of the companies he said he had spoken to.

Senator John Kennedy, a Republican lawmaker who was also in touch with the administration, said on Tuesday that he planned to have lunch with Mr Bessent. On Wednesday, he told NBC News he was also talking to the White House.

Mr Kennedy likened Mr Trump to the “pit bull who caught the car”. Now, he said, the question becomes: “What are you going to do with the car?”

After more market losses this week, and with pressure mounting from Republicans on Capitol Hill, Mr Trump began having second thoughts.

In his first term, he often viewed the ups and downs of the stock market as a kind of report card on his presidency, celebrating its rise. The downturn had got his attention.

“People were getting a little queasy,” he acknowledged Wednesday on an event with NASCAR racing champions.

“Over the last few days” he began to more seriously consider pausing the additional tariffs, he told reporters later in the day in an Oval Office appearance.

One prospect that intrigued him was personally negotiating new trade deals with the countries looking to get out from under the tariffs, the senior administration official said.

He’d made up his mind. Sitting with Mr Bessent and Mr Lutnick, he crafted the note announcing the 90-day postponement and ending, for the time being, the biggest economic crisis of his young presidency.

“We wrote it from our hearts, right?” Mr Trump said. “It was written as something that I think was very positive for the world and for us, and we don’t want to hurt countries that don’t need to be hurt, and they all want to negotiate.”

The day closed with the Dow Jones Industrial Average up nearly 8%, erasing some – but not all – of the “post-Liberation Day” losses.

Messy as it all may have seemed, his administration insisted that all is unfolding as planned.

“You have been watching the greatest economic master strategy from an American president in history,” White House deputy chief of staff Stephen Miller posted on Wednesday afternoon.