The US is no longer threatening to jack up tariffs on China, the clearest sign a trade deal is close

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US Trade Representative Robert Lighthizer (L) listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing on February 15, 2019.

Mark Schiefelbein | AFP | Getty Images

US Trade Representative Robert Lighthizer (L) listens as Chinese Vice Premier Liu He talks while they line up for a group photo at the Diaoyutai State Guesthouse in Beijing on February 15, 2019.

U.S. Trade Representative Robert Lighthizer said Wednesday the U.S. is working towards formally abandoning plans to hike tariffs on Chinese goods from 10 percent to 25 percent, according to the Wall Street Journal.

more than just buy additional U.S. goods for the two countries to strike a trade deal.

He also testified that “much still needs to be done both before an agreement is reached and, more importantly, after it is reached, if one is reached.”

Click here to read the Journal’s full report.

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Source: CNBC

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