Trump May Delay Raising Tariffs on China if Close to a Deal
Washington, DC, Febraury 13, 2019-President Donald Trump said on February 12 that he might let a March 2 deadline slide in trade talks with China if the two countries get close to a deal, reports the Associated Press.
“The U.S. is scheduled to raise import taxes on $200 billion worth of Chinese goods March 2 if the U.S. and China can't resolve their differences.
“Trump said he's not inclined to extend the deadline, but he might let it ‘slide for a little while’ if talks go well. Earlier, the White House had called March 2 a ‘hard deadline.’
“The U.S. has slapped tariffs on $250 billion in Chinese imports and has threatened to raise tariffs 80% on those March 2. China has punched back with tariffs on $110 billion in U.S. products. The dispute has rattled financial markets and darkened the outlook for the world economy.”