Trump open to extending March 1 deadline on China tariffs
- 5 years ago
U.S. President Donald Trump said he's open to extending a March 1 deadline to raise tariffs on Chinese products if the two sides are near an agreement.
His remarks came as the world's two biggest economies are holding talks to resolve their trade war.
"…….The 10 percent on 200 billion goes up to 25 percent on March 1st. And so far, I've said don't do that. Now, if we're close to a deal where we think we can make a real deal and it's going to get done, I could see myself letting that slide for a little while. But generally speaking I'm not inclined to do that…."
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are now in Beijing, two days ahead of high-level talks with their Chinese counterparts.
A possible shift in the deadline will likely come after those talks.
His remarks came as the world's two biggest economies are holding talks to resolve their trade war.
"…….The 10 percent on 200 billion goes up to 25 percent on March 1st. And so far, I've said don't do that. Now, if we're close to a deal where we think we can make a real deal and it's going to get done, I could see myself letting that slide for a little while. But generally speaking I'm not inclined to do that…."
US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are now in Beijing, two days ahead of high-level talks with their Chinese counterparts.
A possible shift in the deadline will likely come after those talks.