2/26/2019

CHINA/SUMMIT/TARIFFS/TRADE DEALS/TRUMP AS PRESIDENT: “President Donald Trump announced Sunday [2-24-19] on Twitter that he would be delaying an increase in tariffs against China and plans to meet with Chinese President Xi Jinping to settle on a final trade agreement. Trump said ongoing trade negotiations with China have been “very productive” and he would delay the tariffs, which were set to go into effect on March 1, ahead of a meeting with President Xi at the president’s Mar-a-Lago resort in Florida…Trump has said he was open to extending the March 1 deadline for reaching a new trade deal. He said last week that he expected to meet soon with Xi to work out “the final points” of an agreement. Currency manipulation is one of a number of issues that have been on the table as part of the ongoing trade negotiations between the two countries. A high-level delegation of Chinese trade officials, headed by Liu, arrived in Washington last week for the latest round of talks. The U.S. and China hit each other with tariffs last year, spawning fears of a trade war that could damage the global economy.”

Christal Hayes and Michael Collins, “President Trump announces delay in tariff hikes against China, plans summit at Mar-a-Lago,” USA Today, February 26, 2019 12:38 pm