Ex-Obama advisor Larry Summers says any U.S.-China deal will not be the 'right one'
"I don't think the deal is likely to be the right one," he said on ""There's a lot of focus on the cosmetics of the bilateral deficit," added Summers, who also was Treasury secretary during"Instead of trying to mobilize the world together to work to address China's many problems, we're launching trade attacks on virtually every part of the world and therefore in a sense strengthening China's position," Summers said.
However, Treasury Secretary Steven Mnuchin said the U.S. would reconsider the duties if trade talks get back on track.
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