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Washington — President Donald Trump said on Sunday he would delay an increase in US tariffs on Chinese goods thanks to "productive" trade talks, and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.
The announcement was the clearest sign yet that China and the US are closing in on a deal to end a months-long trade war that has slowed global growth and disrupted markets.
Trump had planned to raise tariffs to 25% from 10% on $200bn worth of Chinese imports into the US if an agreement between the world's two largest economies were not reached by Friday.
After a week of talks that extended into the weekend, Trump said those tariffs would not go up for now. In a tweet, he said progress had been made in divisive areas including intellectual property protection, technology transfers, agriculture, services and currency.
As a result, he said: "I will be delaying the US increase in tariffs now scheduled for March 1. Assuming both sides make additional p...
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