US, China negotiators agree on currency manipulation, Trump likely to extend March 1 deadline

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The United States President Donald Trump has said on Friday that negotiators from both China and the US have reached out to an agreement over currency manipulation as both the sides work to produce a new trade deal before the truce deadline on March 1.

According to USA Today news reports, while interacting with reporters at an Oval office meeting along with China’s vice premier Liu He, the US president said a “final agreement” has been reached out between both nations on currency manipulation but however, he did offer any further details.

US treasury secretary Steven Mnuchin and Trump said the trade negotiations that are still underway in Washington this week has gone so well that the team of Chinese delegation has extended the trade talks with Trump it the negotiations could continue thorugh the weekend. He said, “I would say it’s more likely that a deal will happen.”

Meantime, Trump also said he was open to extending the March 1 deadline for reaching a fresh trade deal with China and that he expects to hold a meeting soon with his Chinese counterpart Xi Jinping to work out “the final points” of a deal. The meeting is expected to take place late in March at Trump’s Mar-a-Lago golf club in Florida.

Trump said, “Ultimately, I think the biggest decisions and some even smaller decisions will be made by President Xi and myself. I think President Xi and I will work out the final points. Perhaps and perhaps not.”

Currency manipulation was among all the issues that have been discussed on the table as a part of the ongoing trade dialogues and negotiations between the two sides.

A top-level delegation team of Chinese trade officials led by Liu has arrived in Washington this week for the latest round of US-China trade talks.

Trump has set up a deadline of March 1, after which new tariffs would go into effect if no agreement is reached.

 

 

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