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Discover Ludwig'are withdrawing' is correct and usable in written English.
You can use it when you are referring to someone or something taking back or retracting something. Example: The company has announced that they are withdrawing their new product line due to poor public response.
Dictionary
are withdrawing
verb
To pull (something) back, aside, or away.
Exact(59)
It is time to start our withdrawal from bailouts just like we are withdrawing from the mess in Iraq.
We are withdrawing our troops starting tomorrow".
Nervous Albanians are withdrawing savings from banks.
Colleagues are withdrawing their support, other colleagues are withdrawing from joint authorship etc.
Depositors are withdrawing around €2 billion ($2.3 billion) a week.
"That's why, on Monday, we are withdrawing from the suit".
Canada and the Netherlands are withdrawing their troops from Afghanistan.
Many are withdrawing from the labor force altogether.
"We are withdrawing our proposal," the statement said.
"There's no evidence that the police are withdrawing their services," he said.
Some of Mr. Madoff's important feeder funds are withdrawing more than they're bringing in.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com