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Economy

Trump says 'signing summit' with Xi Jinping for US-China deal possible soon

Updated : February 26, 2019 07:15 AM IST

Markets rallied after Trump said on Sunday he would delay an increase in US tariffs on $200 billion of Chinese goods and extend his March 1 deadline for a deal.
Trump's decision avoided another escalation in a trade war between the world's two largest economies that has cost both countries billions of dollars and roiled global financial markets.
Trump cited progress in the talks as the reason for not raising tariffs further on Chinese goods. He also sounded a note of caution, when he said a deal "could happen fairly soon, or it might not happen at all."Trump cited progress in the talks as the reason for not raising tariffs further on Chinese goods. He also sounded a note of caution, when he said a deal "could happen fairly soon, or it might not happen at all."
Trump says 'signing summit' with Xi Jinping for US-China deal possible soon

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