US President Donald Trump has said he would delay a planned US hike in tariffs scheduled for March 1, citing progress in trade talks with Beijing. He described recent meetings as “very productive.”
US President Donald Trump said Sunday he would delay a March 1 deadline for an increase in tariffs on Chinese goods after “substantial progress” was made in trade talks between Washington and Beijing.
Both sides had made progress on intellectual property protection, technology transfers, agriculture, services, currency and “many other issues,” he said.
Trump added that he and Chinese President Xi Jinping would conclude a final trade agreement at Trump’ Mar-a-Lago club in Florida if additional progress is made.
Donald J. Trump ✔@realDonaldTrump I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very…… 91.6K 11:39 PM – Feb 24, 2019 Twitter Ads info and privacy
✔@realDonaldTrump
I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very……
91.6K
Donald J. Trump ✔@realDonaldTrump ….productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!
….productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!
Xi wants ‘win-win’ deal
Trump and Xi had voiced optimism about the talks after Trump met Chinese Vice Premier Liu He in Washington on Friday. In a letter to Trump, Xi said he hoped both sides would agree on a “win-win” agreement.
The United States imposed a 10 percent tariff on more than $200 billion (€176 billion) in Chinese goods in September. Trump had threatened to increase those tariffs to 25 percent if both sides failed to agree on a trade deal by March 1.
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