U.S. issues with China are 'too serious' to be resolved with promises ...
FILE PHOTO: FILE PHOTO: U.S. Trade Representative Robert Lighthizer, left, listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing, China February 15, 2019. Mark Schiefelbein/Pool via REUTERS/File Photo/File Photo
It is too early to predict the outcome of ongoing trade talks with Beijing, Lighthizer told the House of Representative’s Ways and Means Committee at a hearing on U.S.-China trade issues. “The issues on the table are too serious to be resolved with promises of additional purchases. We need new rules,” Lighthizer said in prepared testimony.
Citing progress in the discussions, U.S. President Donald Trump delayed a self-imposed March 1 deadline when the United Sates was scheduled to raise duties on $200 billion worth of Chinese goods from 10 percent to 25 percent. Trump said he may soon meet with China’s President Xi Jingping to finalize a deal.
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