President Donald Trump’s approach to rein in China’s theft of U.S. intellectual property is “extremely risky,” according to an economist who advised President Barack Obama.
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The Trump administration has unraveled Obama’s bilateral efforts with the Chinese, Austan Goolsbee told Fox Business’ Neil Cavuto on Friday.
“We probably got about 80% to 90% of the way done on that – and handed that to the Trump administration – which the Trump people just blew up,” Goolsbee said.
Trump has made “egregiously bad” mistakes, according to Goolsbee, including the decision to abandon the Trans-Pacific Partnership.
“We somehow took our allies and turned them against us on a topic where they should have been with us from the first day,” he said.
“That’s what they should have done,” Goolsbee added.