Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Free Webinar - Crude Oil Trading 2023 | Thursday, February 9, 2023 | 01:00PM PST Enroll Now
USTR Lighthizer denies he said China tariffs on hold
© Reuters. U.S. Trade Representative Robert Lighthizer testifies before Senate Appropriations Commerce, Justice, Science, and Related Agencies Subcommittee hearing in Washington
WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer on Thursday denied a report that he had told some industry executives that another round of tariffs on Chinese imports had been put on hold as the two nations pursue talks.
"Ambassador Lighthizer has made no representations to industry executives that future Section 301 tariffs are on hold," a spokesperson for his office said in a statement. "The plan for the tariffs ... has not changed at all. Any reports to the contrary are incorrect."
The report appeared in the Financial Times, which cited an unnamed person familiar with the situation.
U.S. President Donald Trump has already imposed tariffs on $250 billion of Chinese imports into the United States to force concessions from Beijing on his list of demands for trade reforms. He has also threatened to target another $267 billion worth of goods if his demands are not addressed.
Reuters reported on Wednesday that China had delivered a written response to Washington's demands, citing three U.S. government sources. However, the sources gave no further details and it was not clear if the response contained concessions that would satisfy Trump.
The back-and-forth on trade comes ahead of an expected meeting between Trump and Chinese President Xi Jinping on the sidelines of a G20 summit in Argentina at the end of November and in early December.
While two industry sources familiar with the contents of the response told Reuters it was largely a restatement of previous Chinese commitments, it was seen as a necessary starting point for continued negotiations.
One of the sources briefed on China's response said it reiterated pledges Xi had made in recent speeches, and demanded that the United States lift tariffs, including those placed on steel and aluminum imports.
"They are not close to a favorable deal on trade. Not in the same universe," the Washington-based source said.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.