USTR to suspend China levy climb ‘until further notice’

USTR to suspend China levy climb ‘until further notice’

USTR to suspend China levy climb ‘until further notice’

WASHINGTON: The US Trade Representative’s office said on Wednesday it would move to formally suspend a planned tax increment on Chinese products “until further notice” following President Donald Trump’s choice to postpone his Friday due date for a US-China economic agreement in the midst of advancement in their discussions.

The announcement was issued after US Trade Representative Robert Lighthizer’s declaration to the US House Ways and Means Committee, in which he said USTR was following a legitimate procedure to execute the deferral.

“As per the president’s bearing, the Office of the United States Trade Representative will distribute a notice in the Federal Register this week to suspend the booked tax increment until further notice,” USTR said in a messaged articulation.

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