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MARKET TALK
MARKET TALK: An SCMP article that is a few hours old is getting a re-airing at
present: "America's top trade negotiator says he doesn't know what the end game
is with China amid a two-year trade war involving hundreds of billions of
dollars in tariffs and untold costs to farmers and consumers. US Trade
Representative Robert Lighthizer, speaking on Thursday, also defended what
critics have characterised as America's blunt, counterproductive and
tariff-obsessed trade policy, arguing that the administration's uncompromising
stance toward China has been effective and overdue. "I don't know what the end
goal is," Lighthizer said at an event sponsored by London-based Chatham House.
"Right now we need to stop an aggressive force." "We have to figure out new
rules - what phase one is is an attempt to find those kinds of rules - and these
are setting aside all the aggression in India and in Hong Kong," he added."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com