Damir Sagolj | Reuters
President Donald Trump as well as China’s President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017.
President Donald Trump said Tuesday that will he could consider postponing the March 2 deadline for tariffs if the U.S. as well as China 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, however “could prefer not to.” He also said Beijing “very much wants to make a deal,” as well as 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 specific point.”
The March 2 deadline is usually crucial inside negotiations as U.S. tariffs on Chinese goods will increase if a deal is usually not struck before then. Treasury Secretary Steven Mnuchin along with U.S. Trade Representative Robert Lighthizer headed to Beijing This specific week for another round of talks with Vice Premier Liu He. The trade talks still seemed far apart as the two sides have not even drafted an accord specifying the matters they agree as well as disagree on.
White House economic advisor Larry Kudlow said Thursday that will there is usually a “pretty sizable distance to go” before China as well as the U.S. reach a deal. Kudlow also indicated, however, that will Trump is usually “optimistic with respect to a potential trade deal.”
Mnuchin said last week the talks have been “very productive,” although he noted that will a “wide range of issues” remains to be worked out.