Donald Trump has then requested Robert Lighthizer, his former trade representative, to resign from his position after his first surprise announcement that Susie Wiles would become president-elect. According to Financial Times, some individuals are close to the discussions on Trump’s transition team. According to the report, Lighthizer has expressed interest in becoming Treasury Secretary, but Scott Bessent and John Paulson, two hedge fund managers, may likely be in charge of that place.
5 things to know about Robert Lighthizer
- Given how strongly Lighthizer and Trump are aligned on trade policy, China may be alarmed by the 77-year-old Lightizer’s ascendancy in that position. Trump has pledged to impose higher taxes on all US exports.
- During the first term in office, Trump and Lighthizer were always in good conditions, and Lighthizer never suffered his fury.
- Lighthizer fought imports from China on behalf of the US material business for three years at the Wall Street Law strong Skadden Arps. He assisted in getting the US government to levy tariffs on steel imports in the early 2000s to guard the country’s economy.
- Liughthizer, a former prosecutor for the US steel industry, is renowned for his regular conflicts with the World Trade Organization.
- Lighthizer is known as” the adult in the room” because of his expertise in his field.
According to FT, the Trump move group did not respond to a request for comment on Lightizer’s demand.
Trump’s first-term aggressive trade policy will be kicked into gear with universal 10 % tariffs on imported goods and even higher import taxes from China and other countries. If enacted, they may push up consumer rates. There are no victors in war over science and technology, industry, or market, according to China’s top minister to the US on Thursday.
