President Donald Trump indicates the possibility of a deal to end the U.S. trade war with China
WASHINGTON - U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world’s two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.
U.S. Trade Representative Robert Lighthizer told reporters the administration still aimed to finalize a deal on the first phase of the deal in time for the Asia-Pacific Economic Cooperation meetings in Chile on Nov. 16 and 17, but said there were still outstanding issues to resolve. White House economic adviser Larry Kudlow told the network that 15% U.S. tariffs on many consumer goods imported from China, including cellphones, laptop and tablet computers, could be withdrawn if negotiations continue to go well.
Pressure is mounting by the international community for the United States and China to work out their differences. Secretary of State Mike Pompeo on Monday said it was “completely inappropriate” for China to retaliate against U.S. businesses for commenting on pro-democracy protests in Hong Kong. WTO appeals judges had ruled in July that the United States did not fully comply with a WTO ruling and could face Chinese sanctions if it does not remove certain tariffs that break the watchdog’s rules.
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