U.S. President Donald Trump said Tuesday that he was open to postponing the March 2 deadline for tariffs if Washington and Beijing can reach a trade deal soon.
Trump softened his stance on the trade battle with China, saying he’s open to letting the deadline slide, but “would prefer not to.” He also said Beijing “very much wants to make a deal,” and he has “a big team” in China trying to reach a resolution.
When asked if he will meet Chinese President Xi Jinping at the end of March, Trump said, “Not at this point.”
Trump’s comments came as the U.S. and China attempt to strike a deal amid an ongoing trade fight between the two economic powerhouses.
The March 2 deadline is crucial in the negotiations as U.S. tariffs on Chinese goods will increase if a deal is not struck before then. Treasury Secretary Steven Mnuchin, along with U.S. Trade Representative Robert Lighthizer, are headed to Beijing this week for another round of negotiations with Chinese Vice Premier Liu He.
from Update News Zone http://bit.ly/2IaYfiW
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