Latest Robert Lighthizer News

Japan trade a problem for Trump, but not as bad as China

May. 24, 2019 10:13 PM EDT

TOKYO (AP) — When President Donald Trump visits Japan, he'll be able to point to Tokyo's streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. The $70 billion Japanese trade surplus with the U.S. is dwarfed by China's $379 billion surplus, and the...

Japan's charm campaign ready to roll: Golf, sumo await Trump

May. 24, 2019 8:45 PM EDT

WASHINGTON (AP) — Under the threat of potentially devastating U.S. tariffs on autos, Japan is ready to roll out the newest phase of its charm offensive targeting President Donald Trump as it welcomes him on a state visit tailor-made to his whims and ego. Offering high honors, golf and the chance to present...

Asian shares slip as US-China spat takes center stage

May. 22, 2019 11:36 PM EDT

SINGAPORE (AP) — Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was...

US, China appear to brace for long haul in trade dispute

May. 22, 2019 3:33 PM EDT

WASHINGTON (AP) — With negotiations on hold and tariffs piling up, the United States and China appear to be bracing for a prolonged standoff over trade. Beijing is airing Korean War movies (antagonist: America) to arouse patriotic feelings in the Chinese public and offering tax cuts to software and chip...

The Latest: Tariff agreement hailed by business groups

May. 18, 2019 6:23 AM EDT

WASHINGTON (AP) — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The chamber...

Q&A: Is there a way out of the US-China trade fight?

May. 18, 2019 12:27 AM EDT

WASHINGTON (AP) — The United States and China have been trading punches over trade for months. And the slugfest has only intensified this month. Claiming that the Chinese had reneged on earlier commitments in trade negotiations, the United States on May 10 more than doubled tariffs on $200 billion in...

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

May. 17, 2019 5:15 PM EDT

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...

Japan's trade negotiator: US won't impose quotas on autos

May. 17, 2019 1:24 AM EDT

TOKYO (AP) — Japan's trade negotiator said Friday Washington won't be demanding any numerical restrictions on Japanese auto exports to the U.S. Toshimitsu Motegi, the economy minister, told reporters he had confirmed this by speaking with U.S. Trade Representative Robert Lighthizer. The comments could not...

Stocks resilient in face of latest US trade moves

May. 16, 2019 8:06 AM EDT

LONDON (AP) — Stocks recovered their poise Thursday after dropping over President Donald Trump's decision to limit U.S. exports to foreign telecoms companies, an order that appeared aimed squarely at China. In Europe, Germany's DAX was up 0.9% to 12,204 while the FTSE 100 index of leading British shares...

Asian stocks mixed on trade jitters, reported tariff delay

May. 15, 2019 11:26 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs. On Wall Street, a promising update on the Trump administration's efforts to reach a trade deal with Canada and Mexico by Treasury...