Philippine’s Duterte says US ‘first victim of globalization’

DANANG, Vietnam — The Latest on the summit of 21 Pacific Rim economies in Vietnam (all occasions native):

5:35 p.m.

Philippine President Rodrigo Duterte says the United States is the primary sufferer of “globalization” and that’s why President Donald Trump is pushing again with an “America First” stance.

Duterte made the feedback at a enterprise convention on the sidelines of a regional summit. He stated the flight of American manufacturing to China after it opened to international commerce and funding harm U.S. staff.

Duterte described how reforms launched by Chinese chief Deng Xiaoping within the 1970s led the nation to open its once-closed borders to international commerce and funding. U.S. companies had been desirous to benefit from inexpensive labor and decrease taxes.

He stated, “America was the first victim of globalization and that is why Trump is trying to lure them back and said ‘America First.’”

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1:45 p.m.

Talks aimed toward salvaging a Pacific Rim commerce pact rejected by President Donald Trump have resumed on the sidelines of a regional summit in Vietnam.

Trade and international ministers of 11 members of the Trans-Pacific Partnership met Thursday searching for to agree in precept on the way to proceed with out U.S. involvement after Trump pulled out earlier this yr.

The badembly is being held on the sidelines of the 21-member Asia-Pacific Economic Cooperation discussion board, whose annual summit in Danang, Vietnam, begins on Friday.

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