Trump speaking from APEC conference in Danang, Vietnam 10 Nov

  • we can no longer tolerate these chronic trade abuses
  • must ensure that all play fair, which they do not right now
  • we expect our trade partners to follow rules

Less conciliatory stance than we saw when he has actually face to face with Xi this week.

I'll leave you to draw your own conclusions.

  • US will insist on fair and equal trade policies from now on
  • US has not been treated fairly by WTO
  • we will make bilateral trade agreements with any Indo-pacific partner
  • the future of this region must not be held hostage to dictators twisted fantasies
  • we seek robust trade rooted in principles of fairness and reciprocity

Talk is cheap, and so it would seem, subject to change on a whim.

Meanwhile FX prices going nowhere fast atm.

"Yep, just wait til I start talking behind your back"