USTR says next tranche of U.S. tariffs on imports from China on hold: FT
WASHINGTON (Reuters) - U.S. Trade Representative Robert Lighthizer has told some industry executives that another round of tariffs on Chinese imports has been put on hold as the two nations pursue talks, the Financial Times reported on Thursday, citing 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.
A spokeswoman for Lighthizer could not immediately be reached for comment.
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.
(This story refiles to fix typo in second paragraph.)
Reporting by Tim Ahmann; Additional reporting by David Lawder; Editing by G Crosse and Richard Chang
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