Trade rules have changed, says Trump af­ter Asia tour

Says the US has to be treated fairly and in a re­cip­ro­cal fash­ion

Business Standard - - WORLD - JUSTIN SINK & JEN­NIFER JA­COBS BLOOMBERG

Pres­i­dent Don­ald Trump ended his swing through Asia, hail­ing progress to­ward his goal of re­duc­ing the US trade deficit.

Trump took off from Manila aboard Air Force One on Tues­day, skip­ping the fi­nal ses­sion of meet­ings hosted by the As­so­ci­a­tion of South­east Asian Na­tions. The trip, which in­cluded stops in Ja­pan, South Korea, China and Viet­nam, brought Trump in con­tact with dozens of lead­ers, in­clud­ing the heads of Asia’s five big­gest economies and a brief en­counter with Rus­sian Pres­i­dent Vladimir Putin.

“Af­ter my tour of Asia, all Coun­tries deal­ing with us on TRADE know that the rules have changed,” Trump said on Twit­ter on Tues­day. “The United States has to be treated fairly and in a re­cip­ro­cal fash­ion. The mas­sive TRADE deficits must go down quickly!”

The pres­i­dent spent the bulk of his pub­lic ap­pear­ances em­pha­sis­ing the need to re­duce trade deficits, and also pushed for Asian na­tions to buy US mil­i­tary equip­ment. He pub­licly ad­vo­cated his “Amer­ica first” poli­cies, warn­ing US trad­ing part­ners that he was ready to take more pro­tec­tion­ist steps in a bid to help Amer­i­can busi­nesses and work­ers. Trump an­nounced on Twit­ter that he will be mak­ing a “ma­jor state­ment” when he re­turns to Wash­ing­ton. But while Trump made rhetor­i­cal waves dur­ing his first visit to the re­gion as pres­i­dent, ques­tions about how much he ac­tu­ally achieved con­tinue to linger. Busi­ness deals an­nounced by the pres­i­dent are ten­ta­tive agree­ments that may not be ful­filled. And while the pres­i­dent railed against what he viewed as sys­temic flaws in the US trad­ing re­la­tion­ship with its Asian part­ners, he nei­ther pub­licly re­quested nor re­ceived spe­cific as­sur­ances to ad­dress is­sues like mar­ket ac­cess and in­tel­lec­tual prop­erty theft.

In­stead, the pres­i­dent seemed to rel­ish the ef­forts by Asian lead­ers to lav­ish him with state din­ners and cer­e­mo­nial wel­comes.

PHOTO: REUTERS

US Pres­i­dent Don­ald Trump ( cen­tre), Na­tional Se­cu­rity Ad­vi­sor HR McMaster ( left) and State Sec­re­tary Rex Tiller­son at the 31st ASEAN Sum­mit in the Philip­pines on Tues­day

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.