US will no longer tolerate trade abuses: Trump

International Desk: U.S. President Donald Trump has said the US will no longer tolerate "chronic trade abuses", in a defiant address at the Asia-Pacific Economic Co-operation (Apec) summit in Vietnam.

He said the US was prepared to work with APEC countries as long as they "abide by fair reciprocal trade".

Mr. Trump said free trade had cost millions of American jobs, and he wanted to redress the imbalance.

He has already visited China and Japan as part of a five-nation Asia tour.

Apec brings together 21 economies from the Pacific region - the equivalent of about 60% of the world's GDP.

Since taking office, President Trump has pulled the US out of the Trans-Pacific Partnership, a major trade deal with 12 Apec member countries, arguing it would hurt US economic interests.Chinese President Xi Jinping also addressed the summit in the Vietnamese port city of Da Nang, where he said that globalization was an irreversible trend but the world needed to make it more balanced and inclusive.

Agencies



risingbd/Dhaka/Nov 10, 2017/Nasim