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US warns of new tariffs if US-China negotiations do not complete by March 1

US Trade Representative Robert Lighthizer has warned new tariffs will be imposed on China if the US-China trade negotiations do not reach a successful end by March 1, 2019. In Argentina last weekend, Trump and Chinese President Xi Jinping agreed to a truce that delayed the planned Jan. 1 US hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.

Lighthizer demanded certain concessions for the US, across a number of areas, if these tariffs are to be avoided. These concessions include demands for increased purchases of US goods in a more open Chinese market, as well as structural changes to a system that, for example, forces American firms to turn over technology to Chinese partners as a condition of doing business.

The demands are similar to those made under previous Democratic and Republican presidents, but Lighthizer said he felt Trump’s willingness to go beyond “dialogue” and impose tariffs will produce results.

 

 
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