A “fantastic deal” that US President Donald Trump has pledged to strike with China would be dialling the clock back to April 1 – before the launch of his massive tariffs, a top US business representative has said.
“I think things are pretty obvious at this point, of what’s gonna happen,” said Sean Stein, president of the US-China Business Council, at the Bund Summit in Shanghai on Saturday. “The tariff pause of 90 days will be extended without a doubt.”
He was talking about paving the way for a meeting between Trump and President Xi Jinping, which the US side has said will take place in South Korea on Thursday. China has yet to confirm the meeting between the two leaders.
After negotiations concluded in Malaysia on Sunday, Beijing said in a statement that the two sides had reached a preliminary consensus on issues related to export controls, a tariff-truce extension, port fees, agricultural trade, and fentanyl-related tariffs and cooperation.
