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Trump Considers Pushing Trade Deadline With Negotiations Underway

As the United States and China approach a critical deadline to their tariff ceasefire, President Donald Trump has announced a possible extension to the countries’ three-month truce.
Yesterday, Bloomberg reported that Trump was considering pushing back the target date on March 1 by another 60 days, allowing more time for negotiations before the White House raises tariffs from 10 percent to 25 percent on $200 billion of Chinese imports as planned. A 90-day halt to the trade war was agreed upon by Trump and Chinese President Xi Jinping following a formal dinner at the G20 summit in Buenos Aires, Argentina.
The decision comes as the latest round of trade talks are underway, with Treasury Secretary Steven Mnuchin and U.S. Trade Rep. Robert Lighthizer meeting with Chinese delegates in Beijing to hammer out a deal that addresses China’s intellectual property as well as economic practices. A separate meeting between Lighthizer and Xi is also expected this week.
“I think it’s going along very well,” Trump told reporters this week. “They’re showing us tremendous respect.”
The world’s two largest economies have been embroiled in a nearly yearlong financial tit-for-tat that has already seen levies on $250 billion in Chinese goods. In retaliation, China has slapped duties on $110 billion

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Via:: https://footwearnews.com/2019/business/retail/us-china-trade-deadline-extended-trump-1202745008/