Fred Smith. Picture: BLOOMBERG
Fred Smith. Picture: BLOOMBERG

Washington— US leader Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx CEO Fred Smith said on Tuesday.

This came a day after Trump made good on his campaign promise to pull out of a major trade deal with Asian allies.

On Monday, Trump signed an executive order to formally withdraw from the Trans-Pacific Partnership (TPP). He also said he would renegotiate the North American Free Trade Agreement at an "appropriate time," following another campaign pledge to redo the North American Free Trade Agreement trade pact with Canada and Mexico.

"I would urge him to rethink some of those positions," Smith, who founded the global freight, package and business service company, said in an interview US television.

Trump’s move to scrap the TPP deal comes as China’s influence in the region is growing. The Republican president has been a vocal opponent of China.

But Smith, who met Trump in New York following his November election victory, urged Trump to reconsider his position toward the Asian powerhouse, despite Chinese historic protectionism.

"To some degree, the administration’s positions are a little bit out of date with reality of China today. They want to open their markets today," Smith said.

Reuters

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