Move is clear sign China, US are closin­g in on a deal to end trade warWASHINGTON: President Donald Trump said on Sunday he would delay an increase in US tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued. Trump inclined to extend China trade deadlineAfter a week of talks that extended into the weekend, Trump said those tariffs would not go up for now. In a tweet, he said progress had been made in divisive areas including intellectual property protection, technology transfer, agriculture, services and currency. Trump and Xi called a 90-day truce last year to give their advisers time to negotiate a deal. The threat of tariff increases represented significant leverage for the Trump team as Beijing is trying to stabilise China’s cooling economy.

Source: The Express Tribune February 25, 2019 14:26 UTC