11.11.2024 10:31
The UK-based Financial Times newspaper suggested that Donald Trump plans to appoint Robert Lighthizer, known as a 'trade hawk,' to head U.S. trade policy. With Lighthizer's arrival, discussions have begun about the potential start of a new era of tariff wars.
The question of how Donald Trump, who emerged victorious from the US elections, will shape his administration in the new term has become a topic of curiosity. The Financial Times, based in England, made a flash claim regarding the matter.
FT reported that Robert Lighthizer, who was the US Trade Representative during the period when Trump initiated the trade war with China, is preparing to make a comeback. According to sources close to Trump, it was stated that despite Lighthizer lobbying for a different position, including the position of Secretary of Commerce, he is being asked to return to office.
Lighthizer, who is claimed to be appointed to lead trade, had previously expressed his desire to serve as Secretary of the Treasury, but it is likely that individuals close to the finance sector will be preferred for this position. Among the candidates mentioned for the position are hedge fund managers Scott Bessent and John Paulson.
TRADE WAR WITH CHINA MAY DEEPEN
Considering how effective Lighthizer was during the trade wars in Trump's first term, the possibility of a protectionist person being reappointed to an important trade-related position seems likely to cause concerns in Beijing and among the US's trade allies.
During his campaign, Trump promised to impose high tariffs on all goods imported into the US, especially Chinese products.