The White House is “living in chaos” on major decisions, according to the president’s former top economic adviser.
Robert Lighthizer says the negotiations are “making headway” on the toughest issues.
The European Union economic rescue package spurs fears of a slowdown in 2019.
After two years of ‘America First’ policies, the United States is likely to post the biggest trade gap in its history. The gap with China is also set to hit a record.
U.S. must reserve the right to impose “unilateral” punishment, Robert Lighthizer says.
U.S. stocks were up, and Chinese markets soared as state media lauded the progress on talks as a “win-win.”
The president’s postponement of the March 2 increase comes amid conversations that extended through the weekend in Washington.
Investors anticipate negotiators would head off a planned tariff increase on Chinese goods.
The two sides are racing to meet a March 1 deadline set by Trump for resolving the dispute.
The Trump administration warned it will respond to unfair trade practices by “hostile” countries such as China and Russia