Trump de­clares trade rules have changed

Mint ST - - THE BRIEFING -

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

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