Monday, 25 February 2019 17:45 WIB |
President Donald Trump is postponing new tariffs on China because of what he says is "substantial progress" in trade talks.
"A very good weekend for U.S. and China," Trump tweeted Sunday, saying both sides made substantial progress on "important structural issues, including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues."
The president had set a March 1 deadline to hike tariffs on $200 million in Chinese goods from 10 to 25 percent if there was no deal.
While there is still no final agreement, Trump had said he would postpone those tariffs if a deal were close.
The president did not say how close both sides are to a deal. But he said he will hold a summit with Chinese President Xi Jinping at his Mar-a-Lago resort to "conclude an agreement."
Source : VOA