The world's two largest economies are trying to strike a deal on trade by early March to avoid a planned increase in the tariff rate being imposed on Chinese imports by the United States.
Reuters
@moneycontrolcom
US President Donald Trump said on January 31 he would either strike a very big trade deal with China or "postpone" it, but it was not clear precisely what he was referring to.
"This isn't going to be a small deal with China. This is either going to be a very big deal, or it's going to be a deal that we'll just postpone for a little while," Trump told reporters at the White House, without elaborating.
The world's two largest economies are trying to strike a deal on trade by early March to avoid a planned increase in the tariff rate being imposed on Chinese imports by the United States.
Asked if he would postpone the US-set deadline, Trump said: "I don't know."
But he said China wanted to strike a deal to avoid an increase in tariffs.
"I'd like to accommodate them, if we can," Trump said. "I'd like to accommodate China if we can get the deal done."First Published on Feb 1, 2019 08:29 am
