Trump to Visit Asia in November

September 29, 2017 Share Print 0

President Donald Trump will travel to Asia in November as he tries to curb North Korean aggression and potentially rework trade deals.

The president will go to Japan, South Korea, China, Vietnam and the Philippines, as well as Hawaii, during the Nov. 3 to Nov. 14 trip, the White House said in a statement Friday.

“The president’s engagements will strengthen the international resolve to confront the North Korean threat and ensure the complete, verifiable and irreversible denuclearization of the Korean Peninsula,” the statement said.

The White House said Trump will also “emphasize the importance of fair and reciprocal economic ties with America’s trade partners.”

The president, along with the leaders of Japan, South Korea and China, have looked to apply economic pressure on Pyongyang to get the communist dictatorship to abandon its nuclear and missile programs. The United States this week putnew sanctions on banks and individuals tied to North Korea’s financial system. Those measures follow multilateral sanctions unanimously applied by the United Nations Security Council, including China and Russia.

Trump has repeatedly pushed China, North Korea’s only major ally, to do more to cut off the rogue regime financially. The country’s central bank this month told its banks to more strictly enforce U.N. sanctions, earning praise from Trump.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.