United States to delay further tariffs on Chinese goods

Saul Bowman
February 27, 2019

But the respite might not last.

The two sides were discussing tariffs on Sunday as well as commodities, the source said.

"By the way, I disagree", Trump said, to laughter from Liu.

The Justice Department announced criminal charges last month against Huawei and its chief financial officer, Meng Wanzhou, alleging bank and wire fraud, violations of US sanctions on Iran, and a conspiracy to obstruct justice related to the investigation.

Daco added that vast differences between the two countries "will prevent a significant de-escalation of trade tensions between the two giants".

Speaking to governors gathered at the White House for an annual black-tie ball Sunday, Mr. Trump said he was doing "very well" with China.

The comments appear to reflect support for US officials including Trade Representative Robert Lighthizer who want changes in industrial policy that Beijing's trading partners say violate its free-trade obligations.

The United States accuses China of deploying predatory tactics in a headlong push to challenge American technological dominance.

"We want a deal that really addresses the persistent problems", said Stratford, a lawyer and former deputy USA trade representative.

China has given few details about the latest talks. Working-level consultations for the latest round started in Washington on February 19, just days after the sixth round took place in Beijing on February 14-15.

Frank exchanges have been a catalyst in settling the disputes.

During the three rounds of high-level talks in almost one month, both Chinese and USA presidents met the two negotiating teams to offer guidelines and impetus for future engagements.

"It's encouraging that the Chinese delegation will be returning soon to Washington to continue the work".

The nations faced a March 1 deadline that would have increased punitive duties on $200 billion in Chinese imports. He extended a January 1 deadline by three months after meeting Chinese President Xi Jinping in Buenos Aires Dec. 1.

During talks that extended into the weekend, USA and Chinese negotiators were discussing on Sunday the thorny issue of how to enforce a potential trade deal after making progress on other structural issues, according to a source familiar with the talks.

In Oval Office meeting today, the Chinese committed to buy an additional 10 million metric tons of US soybeans. But his lead trade negotiator, U.S. Trade Representative Robert Lighthizer, emphasized then that some major hurdles remained.

Trump tweeted that he was delaying another round off tariffs due to "substantial progress" on priority issues for his administration such as protecting the intellectual property rights of Americans companies in China and technology transfers for joint projects. This is a more conservative outlook than China's official economic target this year of 6 to 6.5 per cent, noted Mr Kevin Li, a partner in risk advisory at audit firm Deloitte, which helped prepare the report.

Other reports by

Discuss This Article