Robert Lighthizer, who was the U.S. trade representative in President Trump’s first administration, says China poses an existential threat to the United States that must be urgently addressed by Washington. The threat is a result of years of unbalanced trade with China, Lighthizer says, and large, broad tariffs are needed to disentangle the two economies. …
US president-elect Donald Trump, known for valuing loyalty, has expressed regret over many senior officials from his last term who tried to thwart his often impulsive directives and ambitions. Trump’s first administration was marked by turmoil and high turnover, with some former allies imprisoned for actions taken during his presidency, while others emerged as vocal…
A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to feed on a mix of post-election tariff and tax cut speculation, China’s struggle with deflation and Germany’s simmering political crisis – with the euro plumbing its lowest levels in almost five months. Even with bond markets effectively…