6 hours agoU.S. threatens China: New Targets If Talks Fail by March 1
Periskopi(8 years ago)
(8 years ago)US Trade Representative Robert Lighthizer warned that if US-Kines trade talks fail by March 1st, new tariffs would be imposed. As far as I'm concerned, there's a very precise deadline. When I speak to the US president, he does not mention continuing negotiations after March, “he said referring to [...]
As far as I'm concerned, there's a very precise deadline. When I talk to the US president, he does not mention continuing negotiations after March, “he said, referring to Donald Trump's recent decision to postpone new tariffs during the period of trade negotiations, Reuters reports.
“The way this is determined is that after the 90-day deadline of this fee it will grow,” explained Lighthiszer, who is responsible for the main negotiations.
“After a turbulent week in markets, investors “can be convinced that if there is agreement, this will be done in a way to ensure the protection of American technology and gain access to the market. The president wants us to do it, “he said, adding that if this doesn't happen, there will be fees.
Trump and Chinese President Xi Jinping have recently negotiated a ceasefire in a trade war in Argentina, with which the planned rise of American tariffs has been delayed to 25 per cent from 10 per cent, starting on January 1st to $200 billion in Chinese goods.
