President TrumpDonald John TrumpSchultz won’t say if he will sell all Starbucks shares if he becomes president Sarah Sanders cites El Chapo in push for border security Pence rips Omar’s ‘inadequate’ apology for tweets criticized as anti-Semitic MORE is reportedly mulling a 60-day extension for the deadline to impose higher tariffs on Chinese imports, Bloomberg News reported Wednesday.
Sources familiar with the matter told Bloomberg that Trump said he was considering pushing back the March 1 deadline for raising tariffs on $200 billion worth of Chinese imports if the two countries could negotiate a deal over changes to China’s economic policies.
The Hill has reached out to the White House for comment.
The development comes one day after Trump said he was open to extending trade talks with the country, signaling the two sides are getting closer to settling long-standing trade disputes.
China is set to see tariffs more than double on $200 billion of its goods if Beijing and Washington do not reach an agreement by the March 1 deadline.
Treasury Secretary Steven MnuchinSteven Terner MnuchinOn The Money: Lawmakers wait for Trump verdict on border deal | Trump touts deal as offering B for security | McConnell presses Trump to sign off | National debt tops T | Watchdog details IRS shutdown woes Trump open to extending trade talks with China Conway: Trump and Xi ‘will meet again soon’ with trade deadline looming MORE and U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerTrump says no discussion of extending deadline in Chinese trade talks McConnell urges GOP senators to call Trump about tariffs Companies brace for trade war MORE are currently in Beijing continuing trade negotiations with Chinese officials.
Trump said this week he and Chinese President Xi Jinping would need to meet in person before signing an agreement that would put an end to the ongoing trade war.