Bloomberg: Trump Hunts for Trade Deals in Asia

Bloomberg Article by by Peter Coy – NOV 8 2017

No trophies so far, as North Korea and other issues dominate the first stage of the president’s journey . . .

Donald Trump’s withdrawal from the 12-nation Trans-Pacific Partnership has put the U.S. in a difficult position when it comes to Asian commerce. That was apparent in early November when the president embarked on a tour of East Asia that took him to Japan, South Korea, and China, with further stops planned in Vietnam and the Philippines. Trump was greeted with pomp, circumstance, and promises to buy more American goods, but the White House didn’t report any progress on the market-opening measures the U.S. has long sought.

In Japan, Prime Minister Shinzo Abe ducked any talk of major trade concessions, even though Trump kept bringing the topic up. The president had to settle for a white baseball cap emblazoned in gold with the message “Donald & Shinzo, Make Alliance Even Greater.” In South Korea, which has a free-trade agreement with the U.S. that Trump has repeatedly criticized, trade took a back seat to concerns about the threat from North Korea. In China, President Xi Jinping flattered Trump with “state visit-plus” treatment, including trips to the opera and the Forbidden City, as well as eye-catching promises. The White House was expected to announce more than $250 billion in business deals.  READ Full Article

 

Leave a Reply

Your email address will not be published. Required fields are marked *