Trump says trade talks with China going 'very very well'
US President Donald Trump said trade talks with China were going "very very well" and said he would be willing to delay the 1 March deadline that would see tariffs on Chinese products rise from 10% to 25%.
"There are very complex talks; they're going very well... it's going to be selling corn but a lot of it, a lot more than anyone thought possible,"
Regarding the deadline Trump said that 1 March "is not a magical date, because a lot of things are happening".
"The real question will be if we raise the tariffs because they automatically kick in... China would like for that not to happen, so I think they're trying to move fast so that doesn't happen,” he said.
US and Chinese officials resumed talks in Washington on Tuesday after positive negotiations last week in Beijing and it is highly likely that there will be a delay in the planned tariff hikes next month on $200bn Chinese imports.
Talks between junior officials will be followed by higher-level talks between US trade Representative Robert Lighthizer and Chinese vice-premier Liu He.
Speaking in the oval office Trump also addressed his planned meeting with North Korea's leader Kim Jong-Un next week in Vietnam: "I look forward to being with Chairman Kim. I think a lot of things will come out of it."