Photo: ReutersWashington: President Donald Trump on Saturday marked his 100th day in office by saying he had brought “profound change” to Washington and reaffirming that “my only allegiance” is to those he governs. The goal is to determine whether America is being treated fairly by its trading partners and the 164-nation World Trade Organization (WTO). That is why I withdrew the United States from the Trans-Pacific Partnership. Ross said the WTO, the arbiter of world trade rules, was bureaucratic and outdated and needed an overhaul. Trump has ordered the commerce department to study the causes of the United States’ massive trade deficit in goods—$734 billion last year, $347 billion with China alone.

Source: Mint April 29, 2017 16:52 UTC