(Timothy Aeppel & Chris Prentice – Reuters)
President Donald Trump’s lead trade negotiator, Robert Lighthizer, warned lawmakers on Wednesday that the United States would need to keep the threat of stiff tariffs on China in place for years, even if a trade deal is inked, as part of an enforcement mechanism that would include frequent reviews of whether China was abiding by any agreement.
That confirms what many companies have already concluded. Even if the hot phase of this trade war passes, tensions will linger and continue to reshape the economic relationship between the world’s two largest economies. Click here to read more.
- U.S. Manufacturing Grew at a Slower Pace in February (Associated Press)
- U.S. Said to Ready Final China Trade Deal as Hawks Urge Caution (Bloomberg)
- February Manufacturing Output Down but Fundamentals Remain Strong, Says ISM (Logistics Management)
- The US-China Trade War Was Supposed to Save American Industry, But it is Forcing Companies to Look Overseas (SCMP)