Photo: AFPDanang, Vietnam: US President Donald Trump set out a strong message on trade at a meeting of Asia-Pacific countries in Vietnam on Friday, saying the United States could no longer tolerate chronic trade abuses and would insist on fair and equal policies. Trump said the United States was ready to make a bilateral deal with any country in the India-Pacific region, but only on the basis of “mutual respect and mutual benefit”. Trump arrived in Vietnam from China on the fourth leg of a 12-day trip to Asia. Redressing the balance of trade between Asia and the United States is at the centre of Trump’s “America First” policy he says will protect US workers. While China has by far the biggest trade surplus with the United States, Vietnam is also on the list of those surpluses the Trump administration seeks to reduce.

Source: Mint November 11, 2017 04:07 UTC