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Saturday, November 11, 2017

Trump in Danang

Vietnam hosted the Asia-Pacific Economic Cooperation meeting, which President Trump addressed on Friday.

He reiterated that he believes in fair trade.



From President Trump:
Today, I am here to offer a renewed partnership with America to work together to strengthen the bonds of friendship and commerce between all of the nations of the Indo-Pacific, and together, to promote our prosperity and security.
At the core of this partnership, we seek robust trade relationships rooted in the principles of fairness and reciprocity. When the United States enters into a trading relationship with other countries or other peoples, we will, from now on, expect that our partners will faithfully follow the rules just like we do. We expect that markets will be open to an equal degree on both sides, and that private industry, not government planners, will direct investment.
Unfortunately, for too long and in too many places, the opposite has happened. For many years, the United States systematically opened our economy with few conditions. We lowered or ended tariffs, reduced trade barriers, and allowed foreign goods to flow freely into our country.
But while we lowered market barriers, other countries didn’t open their markets to us.
Now the Counterfeit Conservatives love to say Trump opposes free trade.

But free trade is a two-way street.

We do not have that now.

We will.

From Trump:
Countries were embraced by the World Trade Organization, even if they did not abide by its stated principles. Simply put, we have not been treated fairly by the World Trade Organization. Organizations like the WTO can only function properly when all members follow the rules and respect the sovereign rights of every member. We cannot achieve open markets if we do not ensure fair market access. In the end, unfair trade undermines us all.
The United States promoted private enterprise, innovation, and industry. Other countries used government-run industrial planning and state-owned enterprises.
We adhered to WTO principles on protecting intellectual property and ensuring fair and equal market access. They engaged in product dumping, subsidized goods, currency manipulation, and predatory industrial policies.
They ignored the rules to gain advantage over those who followed the rules, causing enormous distortions in commerce and threatening the foundations of international trade itself.
You cannot defend that and then claim you are for a free market. They do, of course, because the Counterfeit Conservatives sold their vaunted principles out for tax-exempt donations from the people who benefit from unfair trade.

From Trump:
We can no longer tolerate these chronic trade abuses, and we will not tolerate them. Despite years of broken promises, we were told that someday soon everyone would behave fairly and responsibly. People in America and throughout the Indo-Pacific region have waited for that day to come. But it never has, and that is why I am here today -- to speak frankly about our challenges and work toward a brighter future for all of us.
President Trump speaks for America. Not that group of leeches in Washington, but for the people who make Washington possible.

I trust the people of the world understand that.

***

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12 comments:

  1. Could it be the rest of the world loathes our Swamp as much as we do? Our political figures of the last two and a half decades are jokes.. er uh.. jerks. What is the thing they like best about Trump - authenticity and honesty.

    It's a real sea change.

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  2. Most countries have been guilty of unfair trade practices to support their industries, even the U.S. at various times. But the U.S. has consistently been the most transparent about its trade policies and practices. Many countries have taken advantage of the U.S., even our allies. President Trump is clearing the decks for action. - Elric

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  3. Trump may be the vulgarian when it comes to his tweets, but his speeches on the international stage are more eloquent than he gets credit for. He is putting Obama, the World's Greatest Orator (tm), to shame.

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    1. ..."Trump may be the vulgarian when it comes to his tweets"...

      I don't believe he is really in that I believe the 'remark attitude' of the tweets is Trump entertaining his followers whilst keeping his detractors on edge. It works because his BS comes with a liberal dose of fact.

      The Donald is a fine example of a man in control at the table and part of the strategy of getting things done is distracting your dissenters with the left paw while the right one pushes the agenda forward. He appears to know the moves. I don't mean in any way that he is dishonest but if you gotta play with crooks and political morons then you better know how to keep them off balance.

      As an aside I'd like to take a moment to thank Mr Surber for another fine week of insight and measured commentary.
      Take a small bow Don...you've earned it.

      Sam C

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    2. I say his tweets are flash-bang grenades to stun and attract attention while he does something else that's good for this country.

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  4. Keep the Secret Service out of that pink house in Nui Kim Son.

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  5. Unlike Obama's speeches, which were basically strings of platitudes, President Trump's speeches have substance. - Elric

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  6. I wonder why Democrats and RINOs are so afraid to revisit our trade deals? I suspect they are afraid Trump will drive harder bargains than they ever did. It is now obvious that the deep state has been bought off by foreigners and globalist oligarchs.

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  7. I am so proud of our President and First Lady Melanie. I appreciate your daily commentary and so excited that you are being carried by conservative media like Conservative Treehouse, Luciann and Instapundit. Your books were fantastic and now enjoy your daily take.

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    1. Thanks Joyce. I appreciate the praise. Amazon Reviews (hint hint) help :)

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  8. The most dyed-in-the-wool Commie in Vietnam is twice the capitalist that those clowns at the DNC are.

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    1. Perfectly stated, Dave. And once again am reminded of the great Reagan lines about Liberal economic policy:

      If it moves, tax it.
      If it keeps moving, regulate it.
      If it stops moving, subsidize it.

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