The Latest: Trade dispute escalates between US and China
The Associated Press
May 06, 2019 11:23 PM
A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai Monday, May 6, 2019. China’s benchmark Shanghai Composite index dives on U.S. President Donald Trump threat of more China tariffs. At right is a reflection off a display board. (AP Photo)
The Latest on the U.S.-China trade talks (all times local):
U.S. Trade Representative Robert Lighthizer says the higher tariffs on China that President Donald Trump threatened over the weekend will take effect at 12:01 a.m. Eastern time Friday.
Lighthizer adds that trade negotiations with the Chinese will resume on Thursday in Washington.
In a briefing with reporters, Lighthizer accused Beijing of “reneging on prior commitments” after 10 rounds of high-stakes negotiations over China’s aggressive drive to supplant American technological dominance.