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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

March 1st Passes without Escalation in Tariffs

03/07/2019

A notice published on February 28th in the Federal Register postponed the scheduled increase in tariffs on approximately $200 billion of annual imports from China. The postponement is contingent on continued progress in trade talks. 

 

According to the March 1st edition of International Trade testimony delivered by Robert Lighthizer, U.S. Trade Representative to the House Ways and Means Committee, the U.S. expressed the position that China must reform structural trade barriers which are integral to their model for future economic development. Topics in contention include misappropriation of intellectual property, coerced transfer of intellectual property and state subsidies for agriculture and industry to the detriment of U.S. and E.U. producers. 

 

In his testimony Lighthizer noted, “Striking a broad trade agreement with China will not be a one-off event.”  He added, “Negotiators will meet on a monthly basis at the lowest levels with quarterly meeting between sub-cabinet representatives and semi-annual exchanges at the cabinet level. Lighthizer encapsulated the current state of trade negotiations as stating, “If we can reach a satisfactory solution to the all-important outstanding issue of enforceability as well as some other concerns we might be able to have an agreement that turns the corner in our economic relations with China.”  Lighthizer also cautioned that the U.S. is “very aware of the history or our trading relationship with China, and the disappointments that have resulted from promises that were not kept.” 


 
Copyright 2019 Simon M. Shane