Trump Announces ‘Signing Summit’ for Trade Deal with China
Two largest economies edging closer to a trade deal
President Trump declared Monday he would participate in a "signing summit" with Chinese leader Xi Jinping as the world's two largest economies edged closer to a trade deal, reports CNN.
It was yet another optimistic signal by the President that a long-standing trade impasse that has resulted in a series of tit-for-tat tariffs may finally be nearing a close as negotiators inched closer to a 90-day deadline of March 1.
In a tweet Sunday evening, Trump wrote he would delay an increase in tariffs on Chinese goods set to take effect at 12:01 a.m. on Saturday, citing "substantial progress" on top priority issues for the administration tied to intellectual property and technology transfers after a weekend of talks.