D Ravi Kanth (for Info only, not official)

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D Ravi Kanth

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    ...That remains moot. Indeed, developments in the international trade relations seem somewhat befuddling over the past fortnight. President Donald Trump has claimed his first major success for striking a “smart” trade deal: China will allow the US to sell beef and other major products in the ever expanding Chinese market. His administration also notified the Congress about renegotiating the North America Free Trade Agreement (Nafta). Trump’s new trade representative ambassador Robert Lightizer, according to The Economist magazine of 20 May, is “the forensic version of Mr Trump’s economic nationalism, which sees China as a mercantilist military threat, enabled by America’s free trade policies.” Ambassador Lightizer “combines an encyclopedic knowledge of global trade rules with a willingness to flout them, if they do not serve America’s interests,” it says. Further, Lightizer is also well known for his caustic remark in 2010: “an unthinking, simplistic and slavish dedication to the mantra of ‘WTO-consistency…. ...

    Live Mint on May 24, 2017, 12:25 a.m.