US president-elect Donald Trump is expected to broaden usage of export-control tools including the foreign direct-product rule against China, possibly generating more friction with American allies, economic analysts warned on Thursday.
The incoming Trump administration may want a “much broader decoupling” with China and is “prepared to bear costs” associated with such an act, including potentially greater resistance from allies, an ex-adviser to President Joe Biden told a panel hosted by the Washington-based Peterson Institute for International Economics.
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