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Trump excoriates China on trade, Iran's 'blood lust' in United Nations speech

US President Donald Trump addressing the United Nations. Photograph:( ANI )

WION Web Team New York Sep 24, 2019, 08.04 PM (IST)

US President Donald Trump launched a fresh attack on China and accused the world's second-largest economy of currency manipulation, and theft of intellectual property.

In a speech at the United Nations General Assembly, Trump said in 2001 China was admitted to the World Trade Organisation in the hope that it would compel the country to liberalise its economy, however, decades later this theory has been proven wrong, he said. 

''Not only has China declined to adopt promised reforms, but it has also embraced an economic model dependent on massive market barriers, currency manipulation, product dumping, forced technology transfers and theft of intellectual property,'' he added.

Trump further said that US lost 60,000 factories after China entered WTO, and the same is happening to other countries all over the globe. 

WTO needs a drastic change, he said and added, the second-largest economy in the world shouldn't be allowed to declare itself a developing country to game the system at others' expense.

Accusing Iran of ''blood lust'', Trump said sanctions on Iran would be further increased unless it halts its "fanatical" weapons drive and "aggression" in the Middle East.

"Hoping to free itself from sanctions, the regime has escalated its violent and unprovoked aggression," Trump told. 

"As long as Iran's menacing behaviour continues, sanctions will not be lifted -- they will be tightened." 

Trump also made a fresh attack against the global order, saying that "globalists" would not triumph.

"The future does not belong to globalists. The future belongs to patriots," Trump said.

"The future belongs to sovereign and independent nations who protect their citizens, respect their neighbours and honour the differences that make each country special and unique," he said.

(With inputs from agencies)

Story highlights

"The future does not belong to globalists. The future belongs to patriots," Trump said.