U.S. Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade...
NEW YORK - U.S. Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade deal with China and launched a fresh attack on telecoms giant Huawei, further dimming hopes for an end to a 17-month trade war that has slowed global growth.
Trump, speaking in Europe on Tuesday, said an interim trade deal with China could slip until after the U.S. presidential election in November 2020, sending financial markets lower. Final approval would be up to Trump and Chinese President Xi Jinping, Ross noted. “We get to recommend. We don’t get to be the final decision maker.”
“There already has been a tariff war. The only thing is we haven’t been defending ourselves. We’ve been accepting the lopsidedness of things,” he said. “We’ve been having negotiations with the individual companies. We’ve had some very good benefits from that,” Ross said. “It may or may not turn out that there is any need for the tariff.”
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