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Trump talks tough trade at APEC

Trump talks tough trade at APEC
U.S. President Donald Trump sets out a strong message on trade at a meeting of Asia-Pacific countries in Vietnam, saying the United States could no longer tolerate chronic trade abuses and would insist on fair and equal policies. Grace Lee reports.
A stern warning from Donald Trump at the APEC summit on Friday (November 10).

(SOUNDBITE)(English) U.S. PRESIDENT, DONALD TRUMP, SAYING:

"The U.S. will no longer turn a blind eye to violations, cheating or economic aggression."

According to Trump, the U.S. has been treated unfairly when it comes to trade.

Something that won’t be tolerated anymore under his "America First" policy.

(SOUNDBITE)(English) U.S. PRESIDENT, DONALD TRUMP, SAYING:

"I will make bilateral trade agreements with any Indo-Pacific nation that wants to be our partner and that will abide by the principles of fair and reciprocal trade."

But just one day after their meeting in Beijing, Chinese leader Xi Jinping stepped up just a few moments later with a very different message from Trump, flying the flag for globalization and multi-lateral deals.

(SOUNDBITE)(Mandarin) CHINESE PRESIDENT, XI JINPING, SAYING:

"China’s steps toward openness won’t stop, we will work together with other countries to push for the liberalization of trade."

The APEC summit, which has long championed free trade, has itself been shaken by the changes under Trump.

Not least because of his dramatic exit from the Trans Pacific Partnership.

But other Pacific nations refuse to give up on the cause.

(SOUNDBITE)(English) MALAYISAN PRIME MINISTER NAJIB RAZAK SAYING:

"We are committed to it. We believe TPP is important for the region."

After Trump abandoned the deal early in his presidency, the remaining 11 members have been struggling to keep it alive.

And getting a reading on the situation hasn’t been easy.

Earlier, Japan said Pacific nations had agreed on a way forward that would keep TPP alive, but according to Canada, no such agreement exists.

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