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"Instead of "globalization as a force that is bringing us together, (Trump) feels it is a force that is punishing American middle-class workers," Roach explained.
"That`s an obvious reflection of the shifts in the political winds in the United States and indicative of a U.
S.
economy that is backing away from multilateralism," Roach said.
The economist explained that point with the example of an Apple iPhone having parts from over 50 countries in a "world that is linked through global supply chains.
"Finance ministers and central bank governors of the world`s 20 biggest economies were unable to follow through with their commitment to endorse free trade in the G-20 communique, as the new Trump administration seeks to put "America first.
"It was a disturbing meeting.

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