Trump open to extending trade talks with China

President TrumpDonald John Trump5 things to know about Boris Johnson Conservatives erupt in outrage against budget deal Trump says Omar will help him win Minnesota MORE said Tuesday that he’s open to extending the March 1 deadline for increasing tariffs on China if the two sides are close to a comprehensive trade deal.

“So far I've said, 'Don’t do that.' Now, if we’re close to a deal where we think we can make a real deal and it’s going to get done, I could see myself letting that slide for a little while,” Trump told reporters at a Cabinet meeting.

"But generally speaking I’m not inclined to do that,” he added. 

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Negotiators have until the beginning of next month to reach a comprehensive trade agreement, at which point the U.S. has said it will increase its tariffs on Chinese imports from 10 percent to 25 percent. The two sides have been locked in an escalating trade war for months, levying tit-for-tat duties on the other's products.

Top U.S. trade officials, including United States Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerChinese, US negotiators fine-tuning details of trade agreement: report The Trump economy keeps roaring ahead Trump says no discussion of extending deadline in Chinese trade talks MORE and Treasury Secretary Steven MnuchinSteven Terner MnuchinThe Hill's Morning Report — Trump applauds two-year budget deal with 0 billion spending hike On The Money: Trump, Congress reach two-year budget, debt limit deal | What we know | Deal gets pushback from conservatives | Equifax to pay up to 0M in data breach settlement | Warren warns another 'crash' is coming Overnight Defense: Iran's spy claim adds to tensions with US | Trump, lawmakers get two-year budget deal | Trump claims he could win Afghan war in a week MOREare in Beijing this week to hold negotiations with their Chinese counterparts.

Trump has emphasized that he and Chinese President Xi Jinping would need to meet before signing any agreement, though he said Tuesday that there are currently no plans for the two leaders to hold talks next month.

“We’ll see how it works out,” Trump said. “But at some point I expect to meet with President Xi, who I have a lot of respect for and like a lot, and make the parts of the deal that the group is unable to make.” 

The White House has laid out a litany of issues to be addressed in any final pact, including trade disparities, the enforcement of intellectual property rights and the need to police fentanyl shipments.