Just before Donald Trump left for Asia in November, his hardline Trade Representative, Robert Lighthizer, gathered the entire White House economics team into the room for an extraordinary meeting. He told them simply that the US-China economic relationship was “bullshit”.
According to political website Axios, Lighthizer — a key trade figure in the Reagan administration — “laid out the history of the last 25 years of US-China relations. He went through what each ‘dialogue’ was called under presidents Clinton, Bush, and Obama. His point: every administration comes up with a new catchword and strategic framework to describe the US-China relationship, but the trade deficit with China just keeps ballooning by the billions.”
Read more at The Australian
