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Trump boasts trade progress in Asia tour

Monday, November 13, 2017 - 01:54

U.S. President Donald Trump says he's made significant progress on trade issues during a fruitful trip across Asia that saw governments roll out red carpets ''like nobody has ever seen''. But, as Silvia Antonioli reports, he gave few details of his achievements.

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Shaking hands with his Asean partners... but when it comes to trade, Trump will need more than that to get results. The U.S. President insists he's made "some very big steps" during his Asian tour with governments rolling out red carpets "like nobody has ever seen". But he was short on detail. SOUDBITE Peter Rosenstreich, Head of Market Strategy, Swissquote Bank: "He's probably just going to muddle through with some strong language but behind the scenes, you know, talk to the Asian parts more about what's happening in North Korea....The disbanding of TPP was a big move and we don't expect anything of that level to really come out of this trip." One of Trump's main campaign pledges was to put America First by renegotiating what he sees as "unfair" trade deals. He did blast the World Trade Organistion and some trade deals during his trip to China, Japan, South Korea, Vietnam and the Philippines. But he knows he needs allies. SOUDBITE Peter Rosenstreich, Head of Market Strategy, Swissquote Bank: "He can't really tighten the screws too much on trade. So on one hand you know we expect a pro American hawkish language on the podium when Trump speaks. On the other hand we really doubt that he's going to move forward with any type of trade protectionist measure." An unlikely and vocal ally of Trump's was Rodrigo Duterte, who famously insulted Barack Obama a year ago. His tune was different whe it came to the new US president.... Trump said he had a "great relationship" with the Philippines leader. Unlike his predecessor, he put no pressure on him to end a bloody war on drugs that killed some 4-thousand people in the country.

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