Trump declares trade rules have changed
Manila: 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 South-east Asian Nations (Asean). 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!” BLOOMBERG posts confidential information from governments and other sources, saying they had been previously given to congressional panels. On Twitter, he released copies of what he described as the extent of his direct communication with the website. “Here is the entire chain of messages with @wikileaks (with my whopping 3 responses) which one of the congressional committees has chosen to selectively leak. How ironic!” he tweeted on Monday night. BLOOMBERG real estate sector, could imperil the economy.
Data on Tuesday suggested policy makers are making progress in defusing financial risks by weaning China off its years-long addiction to cheap credit, and signalled moderating growth over the next few quarters. Industrial output rose 6.2% year-onyear in October, the National Bureau of Statistics (NBS) said, missing analysts’ estimates of a 6.3% gain and lagging a 6.6% increase in September. Fixed-asset investment growth also slowed to 7.3% in the January-october period, from 7.5% in the first nine months. REUTERS