May 1 (Reuters) - Citigroup ( C/PN ) has hired former U.S.
Trade Representative Robert Lighthizer as a senior adviser on
global trade, the bank said in a statement.
"Given our global presence, having Ambassador
Lighthizer's insights into the dynamics facing global trade is
very valuable to us and our clients," a Citi spokesperson said.
The ambassador will not be a full time employee, the
spokesperson added. Lighthizer met recently with groups of Citi
clients and discussed U.S. president Donald Trump's
administration
tariff strategy
and potential
trade deals
.
The Wall Street Journal reported Lighthizer's hiring
earlier on Thursday.
During Trump's first term, Lighthizer played a crucial
role in the imposition of hefty tariffs on Chinese imports and
the renegotiation of the North American Free Trade Agreement, or
NAFTA, with Mexico and Canada.
Corporations are increasingly turning to advisers to seek
guidance on how to navigate the economic uncertainty triggered
by Trump's tariffs, which have disrupted long-established global
trade norms.