In a display of caution, US President Donald Trump tweeted “let’s see what happens?” – indicating that something more definite was yet to be reached with China.
Furthermore, Trump announced that the trade deal “and more” with China is in an “advanced stage“.
“China Trade Deal (and more) in advanced stages. Relationship between our two Countries is very strong. I have therefore agreed to delay U.S. tariff hikes. Let’s see what happens?,” he tweeted on Monday (local time).
China Trade Deal (and more) in advanced stages. Relationship between our two Countries is very strong. I have therefore agreed to delay U.S. tariff hikes. Let’s see what happens?
— Donald J. Trump (@realDonaldTrump) February 25, 2019
The US President‘s latest statement comes just a day after he announced that the United States would be delaying the increase on Chinese imports – which was originally scheduled to come into effect on March 1 – as a result of “productive talks” between Washington and Beijing during the 90-day truce period between the sides.
China and the United States have temporarily halted the trade war between the sides in order to hold talks to alleviate the situation. A 90-day truce period was decided upon by Trump and Xi when they met on the sidelines of the G20 summit in Argentina last year.
The US President had earlier threatened to raise tariffs on the USD 200 billion of Chinese products from 10 per cent to 25 per cent at the end of the period of truce on March 1. Upon “successful” trade talks between the two nations, he later indicated that he might extend the March 1 deadline to work out a deal.
He met with the Chinese delegation, led by Vice-Premier Liu He, in Washington on February 23, where China agreed to purchase an additional 10 million metric tons of US soybeans. (ANI)