Billionaire Bloomberg pledges $15 million to United Nations for climate change

India-US-Japan naval exercises involve air defence anti-submarine warfare surface drills by warships

In Paris, French President Emmanuel Macron turned Trump's "Make America Great Again" campaign slogan on its head, saying in a rare English-language statement that it was time to "make the planet great again".

As part of his United Nations role, Bloomberg is organizing American states, cities and businesses that have pledged to meet the Paris accords' goals without the federal government's help.

"If such a major emitter as the U.S. is not going to cooperate entirely then it won't be possible to agree on any deal in this area", Putin said. "I think they applauded because they knew it would put this country at a disadvantage".

PepsiCo Inc., whose CEO, Indra Nooyi, sits on Trump's business advisory council, called climate change "one of the most important issues of our time" and said the climate agreement "was designed as a framework to help protect our planet while also spurring innovation and economic growth in participating countries".

"Today I want the world to know the USA will meet our Paris commitment, and through a partnership among cities, states, and businesses, we will seek to remain part of the Paris agreement process", Bloomberg said at a joint press conference at the Elysee presidential palace.

Germany's DIHK Chambers of Commerce and VDMA engineering industry group said United States companies could gain short-term advantages by Trump's decision.

"As city council president, I started Atlanta's first energy conservation program", Woolard said in a Facebook post.

China and the United States, the world's first and second biggest polluters, respectively, are together responsible for some 40 percent of the world's emissions. Pruitt declined to tell reporters at the White House whether Trump now believes it is real and threatens the country.

The U.S. now joins the only two countries that did not sign the agreement originally to cut greenhouse gas emissions: Syria and Nicaragua.

The President's decision was immediately challenged by the Democrats and business leaders.

Speaking to European business leaders alongside Li, Juncker said EU-China ties are underpinned by "a rules-based worldwide system".

A dozen large companies including oil major BP, agrochemical giant DuPont and tech heavyweights Google, Intel and Microsoft had urged Trump to stick to the pact. "The United States will cease all implementation of the non-binding Paris Accord and the draconian financial and economic burdens the agreement imposes on our country".

Trump's announcement comes less than 18 months after the climate pact was adopted, the fruit of a hard-fought agreement between Beijing and Washington under Obama's leadership.

Secretary of State Rex Tillerson downplayed the significance of the US pullout from the Paris climate pact saying that the USA has a "terrific record" of reducing its own greenhouse gas emissions.

The Paris accord aims to prevent average temperature around the world from heating up by more than 2 degrees Celsius (3.6 degrees Fahrenheit) before the end of the century, compared to before the start of the industrial age.

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