U.S. will formally abandon plans to raise tariffs on $200 billion of Chinese goods, Lighthizer says

इंडिया समाचार समाचार

U.S. will formally abandon plans to raise tariffs on $200 billion of Chinese goods, Lighthizer says
इंडिया ताज़ा खबर,इंडिया मुख्य बातें
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U.S. Trade Representative Robert Lighthizer said that the trade deal he is negotiating with China would include a complicated enforcement mechanism that would involve regular consultations with Beijing and reserve the U.S. the right to assess tariffs for Chinese failure to carry out pledges.

Lighthizer sketched out the enforcement process the two sides are considering in testimony before the House Ways and Means Committee.After his testimony, Lighthizer also said the U.S. would take steps to formally abandon plans to increase tariffs on $200 billion of Chinese goods to 25%, from 10% now, while the two sides continue talking. President Trump indicated Sunday that the tariff hike, which could have taken effect at 12:01 a. m. Saturday, would be suspended.

In his testimony, Lighthizer said any deal with China must have strong enforcement provisions to ensure Beijing honors the deal. Complaints of violations would be discussed in a series of consultations, he said—monthly by staffers, quarterly by vice ministers and twice-yearly by ministers of the two nations. That last would likely mean Lighthizer and Chinese Vice Premier Liu He, China’s special envoy on trade.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

MarketWatch /  🏆 3. in US

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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