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Trump says could let March 1 deadline for China trade deal slide

Reuters  |  WASHINGTON 

(Reuters) - U.S. said on Tuesday that he could see letting the March 1 deadline for reaching a trade agreement with slide a little, but that he would prefer not to and expects to meet with Chinese to close the deal at some point.

officials arrived in the Chinese capital on Tuesday before high-level trade talks, as the world's two largest economies attempt to hammer out the deal and avoid another escalation of tariffs after March 1.

If they are coming close to a complete deal, Trump said he could see pushing off that deadline.

"We're doing very well over in China," Trump told reporters at a cabinet meeting, adding that the negotiating team is big.

The and took a 90-day break from their ongoing trade war to try to come to an agreement, with the threat of tariffs hanging over their negotiations.

If the two sides cannot reach a deal by March 1, U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent. would likely respond by raising tariffs on $60 billion worth of U.S goods that it announced last year in retaliation.

(Reporting by and Makini Brice; Writing by and Lisa Lambert; Editing by and Bill Berkrot)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 12 2019. 23:13 IST