U.S. President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods scheduled for later this week thanks to progress in trade talks and said if progress continued, he and Chinese President Xi Jinping would seal a deal. As a result of the talks, he said: "I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. Watch: Trump and China's economic influenceU.S. President Donald Trump and China's President Xi Jinping agreed to a 90-day truce in their trade war at the G20 this weekend. U.S. officials said on Friday that talks would extend into the weekend after negotiators produced a deal on currency during talks last week.

Source: CBC News February 24, 2019 23:48 UTC