With the emergence of tension between US President Donald Trump and his sales representative Robert Laygetzer, one expert expressed concern that Trump would agree on an "inadequate" and "weak" agreement with China.
The two sides reportedly comprised six MOUs that would form blocks of a final deal. But Trump denied using the term, arguing that "they do not mean anything." Lighthizer gave up after some return and forth with his boss and decided to use a "bargain" instead.
"I think the big question … is President Trump going to abandon Robert Lightgizer and take it I hope he will not do that because Robert Lightgizer did an excellent job of managing a very difficult deal and when the Lighthizer says, "We have seen that the president recently has the right to reject [Lighthizer] even in the terminology of the deal … throw it away," said Ferguson on Wednesday at the closure of CNBC.
"We saw that the president recently has the right to reject [Lighthizer] this phrase and go to Trump as a "trade deal," he added.