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President Trump Says NATO Is 'No Longer Obsolete'

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Trump explains why he flipped on Chinese trade promises

President Donald Trump has a new best frenemy. Yesterday, President Trump walked that back.

In an interview with Fox Business Network's Maria Bartiromo, broadcast on Wednesday morning, Mr Trump talked up U.S. military strength, sounding nearly in awe of its prowess. "I said [NATO] was obsolete".

"If he says great things about me, I'm going to say great things about him", Trump said last September.

Trump has said he has struck up "very good bonding" and "a very good chemistry" with Xi.

"I like Steve, but you have to remember he was not involved in my campaign until very late", Trump said. "I think he wants to help us with North Korea".

While criticizing Russian Federation on Wednesday, Trump said he and Xi had bonded during the Chinese president's visit to the Mar-a-Lago resort in Florida, where they dined together with their wives and held talks. "It's no longer obsolete".

That U-turn follows his talks last week with Chinese President Xi Jinping.

ANTHONY KUHN, BYLINE: Good morning, Rachel.

Referencing fears that may arise across Europe due to US-Russia relations, the US president said he hopes that Europeans will "have to fear nothing ... that would be the ideal situation".

"Right now, we're not getting along with Russian Federation at all".

China, on the other hand, was a currency manipulator, a thief of USA jobs that should no longer be allowed to "rape our country".

While China has been criticized for years by other countries for its heavy-handed efforts to keep the yuan undervalued, Beijing has lately been doing the opposite, by trying to prop up its currency. He even said he would "certainly look at" pulling the US out of the organization.

"When you look at these issues and you recognize the direction in which they are moving, they are moving in the direction the president has stated very clearly", he said.

Syrian President Bashar al-Assad went from tolerated leader to political dead man walking, supposedly after Trump saw images of toddlers suffocating from a suspected sarin attack blamed on Damascus.

Again, Trump last May: "China has been ripping us off".

Trump, earlier, labelled Assad a "butcher and told allies it was time to end Syria's "brutal" civil war. It's too important", said Pho, but she warned Trump may be underestimating China's influence over North Korea and its interest in an outcome the U.S. would be happy with. New confidantes like Defense Secretary Gen. James Mattis and National Security Adviser HR McMaster, who both support being tougher on Syria and more open to North Atlantic Treaty Organisation, have the President's ear. And as long as that red line is not crossed, it seems there's a lot China can do.

So there's a lot they could cut there.

On Friday, the Treasury Department issued its first report on the currency practices of America's trading partners.

In August, he promised to direct his "treasury secretary to label China a currency manipulator". We're borrowing money from China, which is sort of an awesome situation.

KUHN: No, it really did not. Given enough flip-flops (and who knows how many that could be?), it could eventually make Trump a less effective president.

"It's hundreds of billions of dollars of year for many many years".

Mr Trump's decision not to label China a "currency manipulator" emerged in an interview with the Wall Street Journal on Wednesday.

JENS STOLTENBERG: Thank you so much.

KUHN: You're welcome, Rachel.

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