Tuesday, February 12, 2019

New York Times reported that " President Trump said on Tuesday that he would consider delaying a March 2 deadline to reach a trade deal with China, saying the United States might not impose higher tariffs on Chinese goods if talks with Beijing were going well"(Solomon).
American officials have spent a week or so trying to reach an agreement on the trade deal with China.

The two countries are trying to work out significant differences ahead of the March 2 deadline, when, the United States has said, "it will increase tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent"t. Both Trump and President Xi Jinping have  previously said although the biggest issues are not resolved, this date is a firm deadline. but with recent talk and negotiating, Trump and his other top negotiators have said they may extend the timeline, they need to "iron out the remaining differences before a final deal is reached"

Although this new information is coming forward, the whitehouse and other counterparts are beginning to scramble to find a solution to the trade war and other economic damages on both sides. The president has agreed to sit down before the deadline to discuss the issues further but it does not seem likely a deal will be struck.

In weeks to come, we will see a shift in both the U.S and Chinese government. It will be interesting to follow two presidents as the argue to reach an ultimate compromise for both parties.

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