Index Investing News
Saturday, May 10, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Donald Trump asks arch protectionist Robert Lighthizer to run US commerce coverage

by Index Investing News
November 9, 2024
in Economy
Reading Time: 4 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Unlock the White Home Watch publication totally free

Your information to what the 2024 US election means for Washington and the world

Robert Lighthizer, who was US commerce consultant when Donald Trump launched his commerce warfare with China, has been requested to take the job once more because the president-elect begins to construct his cupboard workforce.

A number of folks conversant in the discussions inside Trump’s transition workforce stated Lighthizer had been requested to return to the position despite the fact that he was lobbying for a distinct place, together with commerce secretary.

Lighthizer had additionally expressed curiosity in serving as Treasury secretary, however that place will almost certainly be supplied to a financier, with contenders together with the hedge fund managers Scott Bessent and John Paulson.

The opportunity of an arch protectionist being reappointed to the pivotal commerce position is more likely to increase issues in Beijing, in addition to amongst US buying and selling allies, given how influential Lighthizer was throughout Trump’s commerce wars throughout his first time period. Trump has vowed to impose excessive tariffs on all imports into the US, notably Chinese language items.

Trump had thought of Lighthizer for commerce secretary however the folks conversant in the personnel discussions stated the president-elect was almost certainly to supply that job to Linda McMahon, the billionaire co-chair of Trump’s presidential transition workforce.

Brendan Boyle, a Philadelphia congressman who’s the highest Democrat on the influential Home price range committee and a senior member of the methods and means committee that oversees commerce, stated he would welcome Lighthizer’s appointment.

“When Bob Lighthizer was USTR I labored with him on the [US-Mexico-Canada Agreement],” Boyle stated. “He was bipartisan in his method and is effectively revered on either side of the [political] aisle.”

Advisable

It stays unclear if Lighthizer will settle for the place. He didn’t reply to requests for remark. A spokesperson for Trump additionally didn’t instantly reply.

Robert O’Brien, who served as nationwide safety adviser through the first Trump administration and was considered as a contender to return to that position or turn into secretary of state, this week advised his non-public sector consultancy shoppers that he wouldn’t be a part of the administration, stated one particular person conversant in the choice.

Lighthizer was extremely regarded by Trump and was one of many few top-level officers who didn’t undergo his wrath throughout Trump’s first time period.

As Trump’s commerce tsar, he presided over a turbulent period for world commerce because the administration repeatedly hit its largest buying and selling companions — together with its allies — with steep levies and tariffs on billions of {dollars}’ price of imports.

A former lawyer for the US metal business, he incessantly clashed with the Geneva-based World Commerce Group, which oversees worldwide commerce disputes, calling it a “mess” that had “failed America”.

His appointment would additionally sign bother for Nippon Metal, the Japanese firm that has proposed a $15bn acquisition of US Metal. Trump has signalled his opposition to the deal, however Lighthizer would virtually definitely argue for blocking the acquisition.

Advisable

Donald Trump, bundles of steel tubes at a trading market in the outskirts of Shanghai, cars at Lazaro Cardenas port, Mexico, Boeing plane and logo

Lighthizer spent three a long time as an lawyer at Wall Avenue legislation agency Skadden Arps, the place he fought imports from China on behalf of the US metal business, together with US Metal. Within the early 2000s, he helped persuade George W Bush’s administration to impose tariffs on metal imports to guard the US business.

Throughout his earlier tenure as commerce consultant, Washington moved away from commerce offers pushed by enterprise pursuits and as an alternative centered on measures designed to reshore manufacturing and shield American staff. Regardless of this, Lighthizer agreed restricted commerce offers with China and Japan, and up to date the US’s cope with Mexico and Canada.

Writing within the Monetary Occasions simply earlier than the US election, Lighthizer blamed free commerce for the lack of American manufacturing jobs and referred to as the US commerce deficit “alarming”. “Going through a system that’s critically failing our nation, Trump has determined that motion have to be taken,” he wrote.



Source link

Tags: ArchasksDonaldLighthizerPolicyProtectionistRobertruntradeTrump
ShareTweetShareShare
Previous Post

How Letting Go of Management Has Modified My Investments and My Life

Next Post

Earnings Preview: What to search for when Shopify stories Q3 outcomes

Related Posts

Donald Trump’s push to make Hollywood nice once more

Donald Trump’s push to make Hollywood nice once more

by Index Investing News
May 10, 2025
0

Over a six-decade profession in Hollywood, Jon Voight has performed an aspiring gigolo (Midnight Cowboy), gained an Oscar for Finest...

Donald Trump indicators openness to reducing China tariffs forward of Geneva talks

Donald Trump indicators openness to reducing China tariffs forward of Geneva talks

by Index Investing News
May 10, 2025
0

Unlock the White Home Watch e-newsletter free of chargeYour information to what Trump’s second time period means for Washington, enterprise...

Caplan’s Expertise of Mainstream Economists and My College students’ Shock

Caplan’s Expertise of Mainstream Economists and My College students’ Shock

by Index Investing News
May 10, 2025
0

  On his Substack, Wager On It, Bryan Caplan at this time posted a section from his latest e-book, Unbeatable....

They Took Our Jobs! – Econlib

They Took Our Jobs! – Econlib

by Index Investing News
May 9, 2025
0

The anti-trade protectionists are again in energy, and so they’re promising as soon as once more to “convey again good-paying...

MiB: Karin Risi, Vanguard’s Chief of Technique & Product

MiB: Karin Risi, Vanguard’s Chief of Technique & Product

by Index Investing News
May 9, 2025
0

    This week, I communicate with Karin Risi, who spent 27 years at Vanguard, the world’s 2nd largest asset...

Next Post
Earnings Preview: What to search for when Shopify stories Q3 outcomes

Earnings Preview: What to search for when Shopify stories Q3 outcomes

Israel has intentionally made northern Gaza unlivable, say Palestinians. What comes subsequent?

Israel has intentionally made northern Gaza unlivable, say Palestinians. What comes subsequent?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Artificial intelligence: The greatest disruptor ever?

Artificial intelligence: The greatest disruptor ever?

June 3, 2023
China’s BYD to start selling EVs in Japan by early 2023 By Reuters

China’s BYD to start selling EVs in Japan by early 2023 By Reuters

December 5, 2022
Lawsuit Reveals Horrific Details Of Police Trooper Who Catfished Teen And Killed Her Family

Lawsuit Reveals Horrific Details Of Police Trooper Who Catfished Teen And Killed Her Family

February 3, 2024
Raising awareness can prevent stillbirths

Raising awareness can prevent stillbirths

October 13, 2023
Philippine Tycoon Gokongwei Eyes Post-Pandemic Recovery With .3 Billion Bet On Airline, Hotels And Banks

Philippine Tycoon Gokongwei Eyes Post-Pandemic Recovery With $1.3 Billion Bet On Airline, Hotels And Banks

March 20, 2023
Queen Elizabeth and the knights of technology

Queen Elizabeth and the knights of technology

September 18, 2022
Wait for it – The Reformed Broker

Wait for it – The Reformed Broker

January 25, 2023
Stephen Kenny confident with Republic of Ireland’s solid base for bright future

Stephen Kenny confident with Republic of Ireland’s solid base for bright future

November 19, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In