Trump Announces Plans to Hold Summit with China's Xi to Conclude Trade Agreement, Delays US Tariffs Increase

TEHRAN (defapress)- US President Donald Trump announced that "assuming both sides make additional progress", Washington will be planning a summit between him and Chinese president Xi Jinping at Mar-a-Lago to conclude a trade agreement between the two countries.

News ID: 75836

Date: 25 February 2019 - 15:14

The American president announced on his Twitter page that he will delay planned US increase in tariffs on Chinese goods, which was previously slated for March 1, Sputnik reported.

"As a result of these very productive talks, I will be delaying the US increase in tariffs now scheduled for March 1," the US head of state said in a tweet.

He also stressed that Washington made a "substantial progress" in trade talks with China on issues such as intellectual property protection, technology transfer, agriculture, services and currency.

The latest round of US-China trade negotiations are currently taking place in Washington.

Earlier, media reported that US and Chinese officials were discussing a late March summit between Trump and Xi. On Friday, the American leader stated that the leaders might meet "fairly soon".

China and the United States have been engaged in a trade war since Trump announced last June that Washington would subject $50 billion worth of Chinese goods to 25 percent tariffs in a bid to fix the US-Chinese trade deficit. The two countries have subsequently exchanged several rounds of trade tariffs until in December, Trump and Xi agreed upon a 90-day truce to allow room for a new trade agreement.

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