U.S. President Donald Trump and his Trade Representative Robert Lighthizer recently sparred over what to call the tariff agreement that the U.S. and China are negotiating.
With strains showing up in the relationship between the U.S. President Donald Trump and his Trade Representative Robert Lighthizer, one expert has expressed concerns that Trump would settle for an"inadequate" and"weak" deal with China.
The two sides were reportedly drawing up six MOUs which would form the building blocks of a final deal. But Trump objected to the use of the term, arguing that"they don't mean anything." Lighthizer gave in after some back-and-forth with his boss and opted to use"trade agreement" instead. On Wednesday, Lighthizer told the House Committee on Ways and Means that "much still needs to be done both before an agreement is reached" — that's a contrast to Trump's earlier claim that a trade deal with China was already in"advanced stages."
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U.S. stocks daze Trump into folding on ChinaThe president says he will delay a tariff hike on $200 bln of Chinese goods. Tweets imply he will ease up on Huawei too. Wall Street wobbles have pushed the White House toward a quick-and-dirty deal which empowers Beijing hardliners, and benefits neither side in the long run.
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