Trump ‘blew up’ Obama progress on China: Austan Goolsbee

By White HouseFOXBusiness

Austan Goolsbee on Trump's tariffs: We somehow turned our allies against us

Former Obama Economic Adviser Austan Goolsbee on President Trump's trade policies.

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.

National Economic Council Director Larry Kudlow told FOX Business’ Stuart Varney on Friday that a trade coalition of the willing is forming with the U.S. against China.

“That’s what they should have done,” Goolsbee added.

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