Connect with us

Published

on

First he took the US on a collision course with China. Then he came for the rest of the world.

He crashed into the financial markets and now Donald Trump has been gently tapping on the brakes all week.

The world’s economic policymakers have been on quite the journey over the past few months.

Many of them will have felt a little queasy as they got off the plane in Washington DC for the International Monetary Fund’s (IMF) annual spring meetings.

This was their opportunity to talk. To strategise, strengthen alliances and figure out their next move.

Rachel Reeves was in the mix. While all the focus has been on a US-UK trade deal – and she is due to meet her US counterpart on Friday – the chancellor was also here to meet her G7 and G20 allies.

Countries across the world are eager for Mr Trump to reduce his tariffs but they are also looking to each other, reflecting on how the world might look in the future and whether the US is a reliable long-term partner.

More on Donald Trump

That much was obvious from a conversation with Paschal Donohoe, Ireland’s finance minister and president of the Eurogroup.

He told Sky News that Ireland, a highly US-orientated economy, was diversifying.

That being said, he was “more optimistic than some” that a high level of trade integration would prevail well into the future.

“What I think is very possible is the structure of that globalisation could begin to change,” he said.

Please use Chrome browser for a more accessible video player

‘We’re confident,’ says Chancellor Reeves

That changing structure might include a rejection of China’s decades-long model of export-led growth.

Since joining the World Trade Organisation in 2001, China has been pumping out cheap goods into the world economy, making far more than it consumes at home.

Poor countries across the world have taken a similar approach to development but the US Treasury secretary said on the sidelines of the IMF on Wednesday that it was “absurd” for multilateral institutions to continue treating China like a developing economy.

He called for a “rebalancing”.

Read more from Sky News:
Student killed and three injured in stabbing at French school
Who will be at the Pope’s funeral – and who won’t be

There is a recognition among world leaders that some of Mr Trump’s grievances are reasonable.

They believe his approach is the wrong one but in interviews they are now talking about the negative consequences of trade imbalances and globalisation – the impact on communities and the undercutting of wages.

That wasn’t the case just a few months ago.

👉 Follow Trump 100 on your podcast app 👈

Ms Reeves took it one step further. On Wednesday, the Treasury announced plans to tackle the dumping of cheap goods into the UK – no doubt aimed at China.

She announced a review of the customs’ treatment of low-value imports.

Currently goods valued at £135 escape the duty. The US has already taken action.

In an interview with Sky News, she said she was acting in the “national interest” but she is also looking for common ground with the Americans, as she seeks a deal that secures a reduction in tariffs.

Speaking to US media on Thursday, she reiterated her shared concerns: “I absolutely understand the concerns the United States have about imbalances in trade in the global economy, particularly when it comes to China that runs large, persistent trade surpluses with countries around the world, including the US and indeed including the United Kingdom.”

The IMF too. While the Fund sharply downgrades global growth forecasts, it shied away from openly criticising the US president.

Please use Chrome browser for a more accessible video player

IMF slashes UK growth forecast

Kristalina Georgieva, the IMF’s managing director, spoke of an erosion of trust between countries, and “concerns about the uneven distribution of gains from economic integration, its impact on the international division of labour, supply chain security, and global imbalances”.

So, Mr Trump has got policymakers to shift their priorities.

At the very least, he has brought a long-simmering issue to the boil. The world is thinking differently about China now.

The US is also showing signs that it’s thinking differently. After a bruising showdown with the bond markets, Mr Trump has rowed back on his liberation day tariffs.

The administration has softened its language, saying it wants reform and to work with institutions.

The president said tariffs could come down substantially on China.

Please use Chrome browser for a more accessible video player

Day 96: ‘Vladimir STOP!’ Will Trump’s plea to Putin make a difference?

However, a lot of damage has already been done – not only his erratic tariffs policy, but also his attack on institutions, including the US Federal Reserve.

The world is now thinking differently about the US too, as are the markets.

Investors normally dive into US assets – government debt and the dollar – during times of turmoil, but Mr Trump’s pronouncement has caused traders to do the opposite.

There are signs that the world is losing faith in the US’ ultimate safe haven status.

Continue Reading

US

Epstein survivors take centre stage as files controversy continues to leave Trump vulnerable

Published

on

By

Epstein survivors take centre stage as files controversy continues to leave Trump vulnerable

For so long, the Epstein story has cast them in a cameo role.

Everyday coverage of the scandal churns through the politics and process of it all, reducing their suffering to a passing reference.

Not anymore.

Not on a morning when they gathered on Capitol Hill, survivors of Epstein‘s abuse, strengthened by shared experience and a resolve to address it.

Please use Chrome browser for a more accessible video player

Epstein survivors call for release of all files

In a news conference that lasted over an hour, they brought an authenticity that only they could.

There was vivid recollection of the abuse they endured and a certainty in the justice they seek.

They had the safety of each other – adults now, with the horrors of youth at a distance, though never far away.

It was an emotional gathering on Capitol Hill, attended by survivors, politicians and several hundred members of the public who turned up in support.

Banners read “Release the files”, “Listen to the victims” and “Even your MAGA base demands Epstein files”.

Haley Robson was one of several Epstein survivors who spoke. Pic: AP
Image:
Haley Robson was one of several Epstein survivors who spoke. Pic: AP

A startling spectacle

That last statement isn’t lost on Donald Trump. As if for emphasis, one of the speakers was the ultra-loyal House representative Marjorie Taylor Greene – they don’t make them more MAGA.

In a spectacle, startling to politics-watchers in this town, she stood side by side with Democrat congressmen to demand the Epstein files be released.

It reflects a discontent spread through Donald Trump’s support base.

He is the man who once counted Jeffrey Epstein as a friend and who has said he’d release the files, only to reverse course.

Read more:
Partial release of Epstein files feeds cover-up claims
Explainer: Trump, Epstein and the MAGA controversy

Please use Chrome browser for a more accessible video player

‘It’s a Democrat hoax’ – Trump on Epstein files

Trump’s vulnerability

The Epstein files is the slow-burner that won’t go out, a story that exposes Trump’s vulnerability.

Just how vulnerable can be measured on Congress, where politicians need only a couple of Republicans to back legislation demanding full publication.

It bears the shape of a loyalty test to the president and the dynamics of that have changed with the survivors stepping forward.

One by one, they presented a thunderous reminder of the people and the moral imperative at the heart of the Jeffrey Epstein saga.

It’s political, sure, but it’s about much more – that, we saw on Capitol Hill.

Continue Reading

US

‘Ketamine Queen’ Jasveen Sangha pleads guilty to supplying fatal dose that killed Friends star Matthew Perry

Published

on

By

'Ketamine Queen' Jasveen Sangha pleads guilty to supplying fatal dose that killed Friends star Matthew Perry

A woman known as the “Ketamine Queen” has officially pleaded guilty to selling Friends star Matthew Perry the drug that killed him.

Jasveen Sangha initially denied the charges but agreed to change her plea in a signed statement in August, just a few weeks before she had been due to stand trial.

The 42-year-old , a dual citizen of the US and the UK, has now appeared in a federal court in Los Angeles to plead guilty to five charges, including supplying the ketamine that led to Perry‘s death.

She faces up to 65 years in prison after admitting one count of maintaining a drug-involved premises, three counts of distribution of ketamine, and one count of distribution of ketamine resulting in death.

Prosecutors agreed to drop three other counts related to the distribution of ketamine, and one count of distribution of methamphetamine that was unrelated to the Perry case.

In a brief statement when the plea deal was announced, her lawyer Mark Geragos said she was “taking responsibility for her actions”.

The judge is not bound to follow any terms of the plea agreement, but prosecutors have said they will ask for less than the maximum possible sentence.

Perry died aged 54 in October 2023. He had struggled with addiction for years, but released a memoir a year before his death during a period of being clean.

He had been using ketamine through his regular doctor as a legal, but off-label, treatment for depression, but in the weeks before his death had also started to seek more of the drug illegally.

Perry bought large amounts of ketamine from Sangha, including 25 vials for $6,000 (£4,458) in cash four days before his death, prosecutors said.

Read more:
The Hollywood drugs network exposed by Perry’s death
Obituary: The one who made everyone laugh

Please use Chrome browser for a more accessible video player

What Perry’s death says about Hollywood

Sangha, described by prosecutors as the “Ketamine Queen of North Hollywood”, is now the fifth and final person to plead guilty to charges connected to the supply of drugs to the Friends star.

The actor’s live-in assistant Kenneth Iwamasa, an acquaintance Erik Fleming, and a physician, Mark Chavez, all agreed to plead guilty when the charges were announced in August 2024.

Another doctor, Salvador Plasencia, initially pleaded not guilty and had been due to face trial alongside Sangha, but changed his plea in July.

Sangha and Plasencia had been the primary targets of the investigation.

The three other defendants: Chavez, Iwamasa and Fleming pleaded guilty in exchange for their co-operation, which included statements implicating Sangha and Plasencia.

Perry had bought ketamine from Sangha after he was led to her by Fleming, prosecutors said.

On the day of Perry’s death, Sangha told Fleming they should delete all the messages they had sent each other, according to Sangha’s indictment.

Sangha is due to be sentenced on 10 December.

The other four defendants are also still awaiting sentencing.

Perry was one of the biggest stars of his generation as Chandler Bing in Friends – which ran on NBC between 1994 and 2004.

He starred alongside Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc and David Schwimmer for all 10 seasons of the show.

The Friends stars were among around 20 mourners who attended his funeral in November 2023, according to TMZ.

Continue Reading

US

Trump suffers setback in bid to act as national police chief after chaos on streets of LA

Published

on

By

Trump suffers setback in bid to act as national police chief after chaos on streets of LA

The deployment of National Guard soldiers on to the streets of LA by Donald Trump was always deeply controversial – and now it has been deemed illegal, too, by a federal judge.

In late spring in Los Angeles, I observed as peaceful protests against immigration raids turned confrontational.

I watched as Waymos – self-driving cars – were set alight and people waving flags shut down one of the city’s busiest freeways. I saw government buildings spray-painted with anti-government sentiment and expletives. Some people even threw bottles at police officers in riot gear.

In exchange, I saw law enforcement deploy “flash bang” crowd control devices and fire rubber bullets into crowds, indiscriminately, on occasion.

Mounted Los Angeles police officers disperse protesters earlier this summer. Pic: San Francisco Chronicle/AP
Image:
Mounted Los Angeles police officers disperse protesters earlier this summer. Pic: San Francisco Chronicle/AP

A person reacts to non-lethal munitions shot in Los Angeles.
Pic: Reuters
Image:
A person reacts to non-lethal munitions shot in Los Angeles.
Pic: Reuters

It was chaotic at times, violent, even, in a corner of the downtown area of the city. But I didn’t witness anything that suggested police were on the brink of being overcome by rioters. I didn’t see anything that I believe justified the deployment of 4,000 National Guard troops and 700 marines to the heart of America’s second-biggest city.

But Trump sent them in anyway, against the wishes of the local government. LA mayor Karen Bass condemned the deployment as an act of political theatre and said it risked stoking tensions.

The language Trump used was, arguably, inflammatory, too. He described LA as an “invaded” and “occupied city”. He spoke of “a full-blown assault on peace”, carried out by “rioters bearing foreign flags with the aim of continuing a foreign invasion of our country”.

Please use Chrome browser for a more accessible video player

Trump: ‘We will liberate Los Angeles’

It didn’t reflect reality. The size of the protests were modest, several thousand people marching through a handful of streets in downtown LA, a city which spans 500 square miles and has a population of almost four million.

The majority of the soldiers simply stood guard outside government buildings, often looking bored. Some of them are still here, with nothing to do. Now a judge has ruled that the operation was illegal.

US District Judge Charles Breyer said the Trump administration “used armed soldiers (whose identity was often obscured by protective armour) and military vehicles to set up protective perimeters and traffic blockades, engage in crowd control, and otherwise demonstrate a military presence in and around Los Angeles”.

Read more from Sky News:
French government on brink of collapse
Xi hails ‘great regeneration of China’ at parade

Please use Chrome browser for a more accessible video player

Marines head to Los Angeles

In a scathing judgement, he effectively accused the White House of turning National Guard soldiers and marines into a “national police force.”

That breaches a law from 1878, barring the use of soldiers for civilian law enforcement activities.

It is a blow to what some view as the president’s ambition to federalise Democrat-run cities and deploy the National Guard in other states around the country. He had threatened to send troops to Chicago as part of an initiative he says is cracking down on crime, widening the use of National Guard troops, as seen on the streets of Washington DC.

Please use Chrome browser for a more accessible video player

The fightback against immigration raids in LA

But since this judge ruled that the deployment of National Guard and marines to LA in June was unlawful in the way it unfolded, Trump may have to be inventive with his rationale for sending soldiers into other US cities in the future.

This legal judgement, though, is being appealed and may well be overturned. Either way, it is unlikely to stem the president’s ambition to act as national police chief.

Continue Reading

Trending