Trade war: Trump announces extension of March-1 deadline

World

25 Feb 2019

March 1 deadline extended, US to delay China tariff-increase: Trump

US President Donald Trump yesterday announced the extension of the March 1 deadline for increasing tariff on import of Chinese products, saying there had been "significant progress" made in negotiations with a visiting trade delegation from the far-east nation.

Trump also announced that he'll be hosting his Chinese counterpart, Xi Jinping, at his Mar-a-Lago resort in Florida soon, to ink an agreement.

Here's more.

Details

Exact date of Florida meeting has not been decided yet

Exact date of Florida meeting has not been decided yet

The exact date of the Florida meeting has not been decided yet.

"I am pleased to report that the US has made substantial progress in our trade talks with China on important structural issues," Trump said in a tweet.

"As a result of these very productive talks, I'll be delaying the US increase in tariffs now scheduled for March 1," said the US President.

Made progress with China on important structural issues, said Trump

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Will be planning summit with President Xi at Mar-a-Lago: Trump

Trade talks

Following talks with Trump, Chinese delegations extended their Washington stay

A high-level Chinese trade delegation led by its Vice Premier Liu He concluded its latest round of talks with a US team led by US Trade Representative Robert Lighthizer.

Following the meeting with Trump at the Oval Office, the Chinese delegation extended its stay in Washington DC by another two days.

Trump and Xi decided to pause their trade war during their December dinner-meeting.

Trump, Xi had agreed on March 1 deadline in December

Trump and Xi during their December 1 dinner meeting in Buenos Aires decided to pause their trade-war and negotiate an agreement by March 1. In the absence of such an agreement, Trump had warned that he would impose additional tariffs on import of Chinese products.

Hanoi

Kim and Trump to hold second summit in Hanoi tomorrow

Kim and Trump to hold second summit in Hanoi tomorrow

On Sunday, Trump praised Xi for his help in North Korea talks.

Trump, the 45th President of the United States, leaves for Vietnam this morning to have his second summit with North Korean leader Kim Jong-un in Hanoi on February 26 and 27.

Kim also departed for Vietnam by train yesterday.

The second summit is expected to address the issue of denuclearization in details.

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Hanoi

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Trade War

Vietnam

Xi Jinping

Buenos Aires

Mar-a-Lago

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Oval Office

Robert Lighthizer

United States

US

US President Donald Trump

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US Trade Representative Robert Lighthizer

Vice Premier Liu He

Washington DC

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