Trump says won't turn blind eye to unfair trade

[January 26, 2018]  DAVOS, Switzerland (Reuters) - U.S. President Donald Trump warned trading partners on Friday that Washington would no longer tolerate unfair trade, saying predatory practices were distorting markets.

U.S. President Donald Trump gestures as he delivers a speech during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018. REUTERS/Denis Balibouse

"The United States will no longer turn a blind eye to unfair trade practices," Trump told chief executives, bankers and political leaders at the World Economic Forum in Davos.

"We cannot have free and open trade if some countries exploit the system at the expense of others," he added.

(Reporting by Mark Bendeich)

[© 2018 Thomson Reuters. All rights reserved.]

Copyright 2018 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.