The United States will need to maintain the threat of imposing tariffs on Chines...
WASHINGTON - The United States will need to maintain the threat of imposing tariffs on Chinese goods for years even if Washington and Beijing strike a deal to end a costly trade war, U.S. Trade Representative Robert Lighthizer told lawmakers on Wednesday.
In his first public comments since President Donald Trump delayed a deadline to more than double tariffs on $200 billion in Chinese goods, Lighthizer detailed a long road ahead to overhaul trade dealings between the world’s two biggest economies. “If there is disagreement at my level, the U.S. would expect to act proportionately but unilaterally.”
Global equity markets rose after Trump earlier this week delayed the March 1 deadline to raise tariffs to 25 percent from 10 percent and said he may soon meet with China’s President Xi Jinping to finalize a deal. But lawmakers have urged the Trump administration not to allow potential big-ticket purchases to distract him from pursuing an end to what the United States alleges are unfair trade practices.
Trump administration officials also object to non-tariff barriers in China, including industrial subsidies, regulations, business licensing procedures, product standards reviews and other practices that they say keep U.S. goods out of China or give an unfair advantage to domestic firms.
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