U.S. ‘Shouting’ at China Risks a Spiraling Trade War, Lew Says
- Obama’s Treasury Secretary Lew spoke in interview in Beijing
- Lew says U.S. tax cuts widen deficit in ‘dangerous experiment’
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The U.S. should engage China on trade instead of having a “shouting match,” former U.S. Treasury Secretary Jacob J. Lew said.
“Conflict isn’t going to resolve a lot of those issues,” Lew said Wednesday in a Bloomberg Television interview from Beijing. There’s a risk that the rhetoric could spiral out of control into more serious conflict, and the U.S. should work toward better outcomes instead of being an outlier on global trade, he said.