Trump mulling 60-day delay for China tariff deadline

President TrumpDonald John TrumpSarah Huckabee Sanders becomes Fox News contributor The US-Iranian scuffle over a ship is a sideshow to events in the Gulf South Korea: US, North Korea to resume nuclear talks 'soon' MORE is reportedly mulling a 60-day extension for the deadline to impose higher tariffs on Chinese imports, Bloomberg News reported Wednesday.

Sources familiar with the matter told Bloomberg that Trump said he was considering pushing back the March 1 deadline for raising tariffs on $200 billion worth of Chinese imports if the two countries could negotiate a deal over changes to China's economic policies.

The Hill has reached out to the White House for comment. 

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The development comes one day after Trump said he was open to extending trade talks with the country, signaling the two sides are getting closer to settling long-standing trade disputes.

China is set to see tariffs more than double on $200 billion of its goods if Beijing and Washington do not reach an agreement by the March 1 deadline.

Treasury Secretary Steven MnuchinSteven Terner MnuchinTrump says he'll decide on foreign aid cuts within a week Democrats push judge for quick action on Trump tax returns lawsuit Five key players in Trump's trade battles MORE and U.S. Trade Representative Robert LighthizerRobert (Bob) Emmet LighthizerOn The Money: Economy adds 164K jobs in July | Trump signs two-year budget deal, but border showdown looms | US, EU strike deal on beef exports Chinese, US negotiators fine-tuning details of trade agreement: report The Trump economy keeps roaring ahead MORE are currently in Beijing continuing trade negotiations with Chinese officials.

Trump said this week he and Chinese President Xi Jinping would need to meet in person before signing an agreement that would put an end to the ongoing trade war.