President Trump excoriated the “ideology of globalism” and multinational authorities, underscoring the importance of national sovereignty and need for countries to pay for their own defense in his address before the United Nations General Assembly in New York Tuesday.

The president’s second address before the body since taking office was marked by the president’s insistence that other nations look out for themselves and their own interests, and allow the United States to do the same.

“I honor every nation to pursue its own customs, beliefs and traditions. The United States will not tell you how to live or work or worship,” Mr. Trump said. “We only ask that you honor our sovereignty in return.

Mr. Trump said the United States “will not be taken advantage of any longer,” criticizing how he believes other nations have ripped the U.S. off on trade and defense spending.

The president also spent time lamenting the situation in Venezuela, one he blamed largely on socialism. Mr. Trump announced his administration is imposing new sanctions on Nicolas Maduro’s inner circle and close advisers.

“All nations of the world should resist socialism and the misery that it brings to everyone,” Mr. Trump said, using Venezuela as an example of what can go wrong with socialism.

Asked later about what intervention he might be considering in Venezuela, Mr. Trump said he’s looking very strongly at the possibility, given the horrible things happening there.