USTR Lighthizer: Unsure if tariffs alone will stop China cheating, but no better instruments

Eren Sengezer FXStreet

The U.S. Trade Representative (USTR) Robert Lighthizer crossed the wires in the last minutes, saying that he is not sure if tariffs alone will cause China to stop cheating but added they didn't have a better instrument. Below are some key quotes from Lighthizer as reported by Reuters.

"The U.S. is 'making headway' regarding agricultural access in trade talks with Japan."

"Hopeful the U.S., Japan will have trade agreement in the next few months."

"U.S. trade team to meet Japanese trade officials on sidelines of G20 in Osaka."

"Dialogue is proven to be unsuccessful in pushing for trade reform with China."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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