- Trade war dents European shares while M&A drives Sky, Randgold up
- Stock futures point lower as new US-China tariffs go into effect
- UK’s Raab says confident of clinching a Brexit deal
- French rescue ship nears yacht of Indian sailor stranded off Australia
- Apple reportedly spiked original TV shows because of violence, sex as it etches out content strategy
The thousands of people in the U.K. preparing to protest against President Donald Trump’s visit have lost the plot, the chairman of Republicans Overseas told CNBC Thursday.
Anti-Trump protests are scheduled to take place Thursday and Friday while the U.S. president is on a working visit to the country — one that includes meetings with the prime minister and Queen Elizabeth II. Protestors have promised a “carnival of resistance” that will include a 20-foot inflatable baby balloon resembling Trump flying over the London skies.
“Some of these protests are quite embarrassing and cringeworthy, specifically the balloon,” Drew Liquerman, told CNBC’s Steve Sedgwick, adding that he respected their right to protest.
Meanwhile, Digby Jones, a former director-general of the Confederation of British Industry (CBI), also told CNBC Wednesday that he thought it was “disgusting” that the Trump baby balloon was being allowed.
Around 50,000 people are expected at an anti-Trump march in central London Friday that will start outside a BBC building and head to Trafalgar Square, the Evening Standard reported. Some organizers have told the media they are not just protesting against Trump, but also against discrimination.
“I think also the protestors have somewhat lost the plot — you have these massive protests against Trump but never against these terrible dictators that quite often visit London,” Liquerman added.
U.K. leader Theresa May has said that Trump’s visit will be an opportunity to boost the trade links and security cooperation between the two nations.
“This visit will be a failure if we don’t walk away with both countries off on better relations. I think everyone wants to see a trade deal that benefits both (countries),” Liquerman also said.
The U.K. and the U.S. have started working toward a trade agreement to be finalized once the former is out of the European Union. Until Brexit takes place, the U.K. cannot sign trade agreements as this is something allocated to European institutions.