Welcome

Welcome

Friday, November 23, 2018

China Not Correcting Actions That Led to Tariffs

U.S. Trade Representative Robert Lighthizer says China hasn’t taken action to correct the practices that led to American tariffs on Chinese imports. The tariffs are currently in place on $250 billion in goods. The trade chief made the announcement at the same time his agency released a 53-page update to its report on its own investigation into China’s intellectual trade practices. “We completed this update as part of the administration’s stronger monitoring and enforcement effort,” Lighthizer says. “The update shows that China hasn’t altered its unfair, market-distorting practices that were the focus of the report in March of this year on our Section 301 investigation.” The announcement from Lighthizer comes just ten days before a face-to-face meeting between Trump and Chinese President Xi (Zhee) Jinping in Buenos Aires during the G20 summit. The South China Morning Post website says the discussions could either pause the trade dispute between the two largest economies in the world or it could potentially lead to further escalation.