Trump delays tariff hike on Chinese goods as trade talks progress“The reality is this is a challenge that will go on for a long, long time,” Lighthizer said. He earlier said he “is not foolish enough” to believe that a single negotiation will change the increasingly sour bilateral trade relationship. Lighthizer defended the Trump administration’s use of tariffs, saying they are the only tool to push China to make the major structural changes that he, Trump and many of the lawmakers themselves are seeking. Lighthizer’s words appeared to curb market hopes a deal is imminent, with major US stock indices dipping into negative territory. But lawmakers have urged the Trump administration not to allow potential big-ticket purchases to distract him from pursuing an end to what the US alleges are unfair trade practices.

Source: The Express Tribune February 28, 2019 14:15 UTC