United States slams harmful trade policies and threatens auto tariffs of China - TNBC USA

On Wednesday, United States Trade Representative Robert Lighthizer has slammed Beijing for failing to provide “meaningful reform” on aggressive trade policies, which has harmed US industry and workers and threatened auto tariffs on China.
The recent trade threat against China comes days before US President Donald Trump is scheduled to meet Chinese President Xi Jinping to eliminate the ongoing trade conflict between the world’s top two economically powerful nations.
Instead, the statement made by Mr. Lighthizer has escalated the dispute further says, “China’s aggressive, state-directed industrial policies are causing severe harm to US workers and manufacturers.”
While talks continued between the two countries, he said that “as of yet, China has not come to the table with proposals for meaningful reform.”
China’s policies on auto tariffs are “especially egregious”, taxes US cars at more than double rate is charged by other countries.
“At the president’s direction, I will examine all available tools to equalize the tariffs applied to automobiles,” he added.
US President has imposed steep punitive tariffs on about half of the Chinese goods, which are imported into the market of United States every year and has threatened to target the remaining $267 billion and would hit Apple iPhones and laptops produced in China.
On Monday, he has said that he did not think that an agreement would prevent a scheduled increase in tariffs rate on $200 billion in goods. However, a White House advisor of the US President believes that there was a “good possibility” to reach a deal.

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