US' Steven Mnuchin hopes for 'productive' trade meetings in China
Updated : February 13, 2019 06:48 AM IST
US tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides cannot reach a deal by a March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture.
US President Donald Trump said on Tuesday that he could let the deadline for a trade agreement "slide for a little while," but that he would prefer not to and expects to meet with Chinese President Xi Jinping to close the deal at some point.
Trump's advisers have previously described March 1 as a "hard deadline," but Trump told reporters for the first time that a delay was now possible.
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