The U.S. is abandoning for now its threat to raise tariffs to 25% on $200 billion of Chinese goods, trade representative Robert Lighthizer said
WASHINGTON—In the strongest sign yet that an accord is near, U.S. Trade Representative Robert Lighthizer said Wednesday that the U.S. was abandoning for now its threat to raise tariffs to 25% on $200 billion of Chinese goods.
His comments came following a House Ways and Means Committee meeting where Mr. Lighthizer said that the U.S. and China have reached a tentative agreement on a mechanism to enforce the trade deal, which has long been a stumbling block in talks.
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