CHINA/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump delivered a full-throated defense of economic nationalism here Friday [11-10-17], telling a Pacific Rim summit that the U.S. wouldn’t enter into multilateral trade deals, in a message that differed sharply from the one China laid out at the same forum.
The leaders of the world’s two largest economies presented alternative visions of the future of global commerce, with Chinese President Xi Jinping espousing multilateralism and globalization and Mr. Trump calling current trade rules unfair.
‘We are not going to let the United States be taken advantage of any more,’ Mr. Trump told business leaders at the Asia-Pacific Economic Cooperation forum. The U.S. had opened its markets to the world, he said, but in return, others countries’ ‘cheating’ had disadvantaged American companies and workers…
Moments after Mr. Trump’s address, President Xi of China called for a more inclusive world economy that was ready for technological change, and brandished Beijing’s claim to being the guardian of free trade.”
-Jake Maxwell Watts, Chuin-Wei Yap, and Natasha Khan, “Trump, Xi Push Opposing Views on Trade,” The Wall Street Journal online, Nov. 10, 2017 10:30am