Jump to content

Geo News Blog

  • entries
    149,373
  • comments
    28
  • views
    205,543

ADMIN

94 views

l_167318_103555_updates.jpg
167318_1433450_updates.jpgUS President Donald Trump, Vietnam's Prime Minister Nguyen Xuan Phuc and Philippines President Rodrigo Duterte perform the group "ASEAN handshake" in the opening ceremony of the ASEAN Summit in Manila, Philippines November 13, 2017. Photo: Reuters
1

MANILA: US President Donald Trump said on Monday he had made significant progress on trade issues during a fruitful trip across Asia that saw governments roll out red carpets ?like nobody has ever seen?.

?We?ve made some very big steps with respect to trade, far bigger than anything you know,? Trump told reporters in Manila on the sidelines of a summit with leaders of Southeast Asian and East Asian nations.

He did not give details of his achievements on trade matters during a tour that took him to Japan, South Korea, China and Vietnam before his last leg in the Philippines capital.

He said a statement would be issued from the White House on Wednesday about North Korea, and on trade, key issues of a trip he described as fruitful.

'Red carpet like no one's ever seen'

?It was red carpet like nobody, I think, has probably ever seen,? he said.

In Vietnam at the weekend, Trump and leaders of Pacific Rim nations agreed to address ?unfair trade practices? and ?market-distorting subsidies?, a statement that bore the imprint of Trump?s efforts to reshape the global trade landscape.

His ?America First? vision has upset a traditional consensus favouring multinational trade pacts that China now champions. On the sidelines of the Vietnam meeting, 11 countries kept alive a Trans-Pacific trade deal whose future was thrown into doubt when Trump withdrew from it in the name of protecting American jobs.

Chinese President Xi Jinping told the summit in Vietnam that Asia-Pacific nations must ?uphold multilateralism?, countering Trump?s message that the United States would stay out of trade deals that surrender its sovereignty.

Trump, by contrast, blasted the World Trade Organization and multilateral trade deals during his tour. Some analysts expect tougher US action may be imminent to fight trade imbalances with China exacerbated by its state-led economic model.


0 Comments


Recommended Comments

There are no comments to display.

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...