No Date Set for U.S.-China ‘Phase Two’ Talks, Lighthizer Says
WASHINGTON — No date has been set so far for the U.S. and China to kick off “phase two” trade talks, said U.S. Trade Representative Robert Lighthizer, contradicting a suggestion by President Donald Trump that negotiations would start right away.
For now, the two sides are focused on implementing the agreement reached on Friday, which is expected to be signed in January, he said. The pact will see the U.S. reduce tariffs on imports from China. Beijing promises to significantly increase purchases of U.S. farm goods and adhere to new commitments on intellectual property, forced technology transfer and currency.
Trump tweeted Friday that the second phase of talks would start “immediately, rather than waiting until after the 2020 Election.”
In an interview taped Saturday and broadcast Sunday on CBS News’ “Face the Nation,” Lighthizer said “the second, phase two, is going to be determined also by how we implement phase one.” The first part of the agreement will be implemented “right down to every detail,” he said.
Lighthizer said of the deal reached so far: “It really is a remarkable agreement, but it’s not going to solve all the problems.”
Changing the U.S.-China trade paradigm “was always going to be in phases,” Lighthizer said. “The question was, how big — how big was the first phase going to be. This is going to take years. We’re not going to resolve these differences very quickly.”
©2019 Bloomberg News
Visit Bloomberg News at www.bloomberg.com
Distributed by Tribune Content Agency, LLC.
In The News
China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic. The Regional Comprehensive Economic... Read More
WASHINGTON - It wasn't unexpected. Counterfeits and knockoffs are all around us, from sneakers to handbags and even cures for the common cold. But a surge in demand for personal protection equipment, not to mention tobacco, alcohol and cleaning products, at the peak of the coronavirus... Read More
WASHINGTON - As if a global health crisis wasn't enough to have on their plate, wine sellers are bracing for the imposition of another round of tariffs that could raise the price of imported European wines and other products by as much as 100%. Though no... Read More
U.K. International Trade Secretary Liz Truss will meet with her U.S. counterpart Robert Lighthizer in Washington on Monday as part of the third round of talks to reach a trade deal between the two countries. Prime Minister Boris Johnson put an agreement with the U.S. at... Read More
WASHINGTON - The U.S. Senate tried to figure out a response Wednesday to a trade war with China that is taking on new urgency during the coronavirus pandemic. Republican and Democratic senators identified Chinese computer hackers and patent thieves as threats to the U.S. economy that... Read More
MEXICO CITY — Donald Trump notoriously kicked off his presidential bid in 2015 by disparaging Mexican immigrants as drug dealers, criminals and “rapists,” adding: “And some, I assume, are good people.” During his own campaign two years later, future Mexican President Andrés Manuel López Obrador assailed... Read More