Trump Trade Policy Speech Means Old Trade Era Ending: Lighthizer

President Donald Trump's aggressive speech on trade during remarks Friday begins a new era in which the United States will not hesitate to use its huge "economic leverage" to force other countries to change their behavior, U.S. Trade Representative (USTR) Robert Lighthizer said.“The president spoke loud and clear: The era of trade compromised by massive state intervention, subsidies, closed markets and mercantilism is ending," Lighthizer said in a statement from Da Nang, Vietnam, where he and Trump are attending the annual APEC leaders’ summit. "Free, fair and reciprocal trade that leads to market outcomes and greater prosperity is on the horizon," Lighthizer added.Many World Trade Organization (WTO) members have much higher tariffs and other barriers than the U.S., a reason why President Trump said he wanted to change, even while offering the APEC region "a renewed partnership with America to work together to strengthen the bonds of friendship and commerce,” but “rooted in the principles of fairness and reciprocity," Trump said.