- 8 years of 'Make in India'! Annual FDI nearly doubles to $83 billion since inception of the campaign | Details
- Stock Market Triggers: RBI Policy, F&O expiry, global cues to drive market next week; what should investors do?
- Harsha Engineers IPO listing date: Shares to make debut on NSE, BSE on Monday; what to expect from listing?
- Moonlighting row: Days when employees signed up with tech majors and spent lives on jobs are long gone- Rajeev Chandrasekhar
- FIIs turn net sellers in cash market in September; expert cites reasons
US-China trade talks: President Donald Trump receives update ahead of March 1 deadline
At a White House press conference on Friday, Trump said the talks with China were "very complicated" and that he might extend the March 1 deadline and keep tariffs on Chinese goods from rising.
President Donald Trump received an update on trade talks with China on Saturday at his Florida retreat after discussions in Beijing saw progress ahead of a March 1 deadline for reaching a deal. Trump, at his Mar-a-Lago club, was briefed in person by US Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, White House Chief of Staff Mick Mulvaney and trade expert Peter Navarro, said White House spokeswoman Sarah Sanders.
Treasury Secretary Steven Mnuchin, economic adviser Larry Kudlow and other aides joined by phone.
The White House offered no additional detail. Both the United States and China reported progress in five days of negotiations in Beijing this week but the White House said much work remains to be done to force changes in Chinese trade behavior.
Shortly after the meeting with his trade team, Trump said on Twitter the talks in Beijing were "very productive."
At a White House press conference on Friday, he said the talks with China were "very complicated" and that he might extend the March 1 deadline and keep tariffs on Chinese goods from rising.
US duties on $200 billion worth of Chinese imports are set to rise from 10 percent to 25 percent if no deal is reached by March 1 to address US demands that China curb forced technology transfers and better enforce intellectual property rights.
Watch this Zee Business video
China’s vice premier and chief trade negotiator, Liu He, and Lighthizer are to lead the next round of talks this coming week in Washington.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.