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Back from Asia, Trump says US 'respected again'

FILE - In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. (AP Photo/Andy Wong, File)

President Donald Trump announced that the United States will renegotiate their trade agreement with South Korea following his lengthy tour of Asia. The deal went into effect in 2012 after being agreed to in 2007.

The Washington Post reported Trump's intention to withdraw from the deal in September. They also reported hat his aides, including national security adviser H.R. McMaster, defense secretary Jim Mattis and National Economic Council director Gary Cohn disagreed with Trump's decision.

Trump also reiterated the need to denuclearize North Korea.

"We have ended the failed strategy of strategic patience and as a result we have already seen important progress including tough new sanctions from the U.N. Council," Trump said.

President Donald Trump says he'll work "as fast as possible" to eliminate sizable trade deficits with U.S. trading partners.

Trump said Wednesday that a key goal of his just-concluded Asia trip was to insist on fair and reciprocal trade. He says it's "unacceptable" that the U.S. trade deficit with other nations stands at about $800 billion a year.

Trump says, "We are going to start whittling that down as fast as possible." He did not say how he planned to achieve that goal.

Trump recapped what he says are the successes of his nearly two-week trip to Japan, South Korea, China, Vietnam and the Philippines.

The president previewed his comments before departing the Philippines, telling reporters he would make a "major statement" about trade and his work to counter the North Korean nuclear threat.

The president arrived in Washington late Tuesday after a nearly two-week trip to Japan, South Korea, China, Vietnam and the Philippines.

Trump called his trip to Asia "tremendously successful."

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