WASHINGTON—In the strongest sign yet that an accord is near, U.S. Trade Representative Robert Lighthizer said Wednesday that the U.S. was abandoning for now its threat to raise tariffs to 25% on $200 billion of Chinese goods. His comments came following a House Ways and Means Committee meeting where Mr. Lighthizer said that the U.S. and China have reached a tentative agreement on a mechanism to enforce the trade deal, which has long been a stumbling block in talks.

Source: Wall Street Journal February 27, 2019 19:12 UTC