It took grit to get this far. U.S. Trade Representative Robert Lighthizer explained that to Congress yesterday.
So, he said, no one in the administration is backing down now.
They’ve managed to confront Beijing, a trade renegade, and do it with a powerful tool that previous negotiators lacked – tariffs. They launched the penalties last spring with charges on all imported steel and aluminum, then increased the pain with levies specifically on $50 billion in Chinese imports in July, followed by duties on $200 billion in Chinese imports in September.
China retaliated, particularly with tariffs on agricultural goods. Some American businesses, farmers and workers suffered. And they complained. But the tariffs brought China to the table to discuss its violations – abuses that have damaged American industries and destroyed millions of American jobs for nearly two decades.
Lighthizer told Congress yesterday he doesn’t have a deal yet, but he’s made progress. None of it would be possible, he said, without the leverage of the tariffs and the grit of the administration to stick with them through tough times.More ...