The US and China have agreed to extend talks over a trade deal as the two countries show they may be nearing an agreement, City A.M. reports.
Chinese negotiators have agreed to stay in Washington in the latest sign that a way out of the trade war may be near. Chinese president Xi Jinping said “progress” had been made in a statement released by the White House.
"The fact that they're willing to stay for quite a bit longer... that means something," he said. "I think there's a good chance that it happens." In 2018 both countries placed tariffs on billions of dollars worth of each others’ goods.
Trump had initially threatened to increase the tariffs from 10 percent to 25 percent at the start of March if no deal had been agreed, but has appeared more flexible as negotiators meet for the fourth round of talks.
