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Trump Announces 'Signing Summit' for Trade Deal with China

Two largest economies edging closer to a trade deal

China usa

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.

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