President Trump announced Sunday that he will extend a deadline to impose new tariffs on Chinese imports because of "substantial progress" over the weekend in trade talks.
"Trump had warned he would escalate the tariffs he has imposed on $200 billion in Chinese imports, from 10 to 25 percent, if the two sides failed to reach a deal. The increase was scheduled to take effect at 12:01 a.m. EST on March 2," Paul Wiseman and Catherine Lucey report for the Associated Press.
If the talks continue to go well, Trump said he will meet with Chinese President Xi Jinping at Trump's Florida resort, Mar-a-Lago, to finalize an agreement, The AP reports.
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