WASHINGTON: Washington's chief trade negotiator on Wednesday (Feb 27) said there remained much to do before reaching a new trade agreement with ...
WASHINGTON: Washington's chief trade negotiator on Wednesday said there remained much to do before reaching a new trade agreement with China despite"real progress" so far.
Citing progress toward a new trade agreement with Beijing, President Donald Trump on Sunday said he would postpone a sharp increase in US duties on US$200 billion in Chinese imports while the two sides worked to reach an agreement. Chinese officials have offered to increase purchases of American farm goods and energy exports but it remains unclear whether Beijing will give in to US demands for fundamental changes in industrial policy, which analysts say could weaken the communist party's power.Lighthizer's testimony coincided with other headline-grabbing appearances on Capitol Hill, with Federal Reserve Chairman Jerome Powell and former Trump attorney Michael Cohen also appearing.
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