WASHINGTON (AP) — The Latest on the U.S.-China trade talks in Washington (all times local):
3:20 p.m.
President Donald Trump says he will consider delaying a March 2 deadline to reach a trade deal with Beijing before he would escalate his tariffs on $200 billion in Chinese imports.
Trump told reporters that he would “certainly consider” an extension if trade talks are going well. He said that talks between China and the United States in Washington will be extended through this weekend to give the countries more time to reach a breakthrough in their trade dispute. The two economic powers are engaged in a standoff that has worried financial markets and likely weakened the global economy.
A Chinese team led by Vice Premier Liu He has been meeting with U.S. Trade Representative Robert Lighthizer and other American officials.
The U.S. has imposed 25 percent tariffs on $50 billion in Chinese imports and 10 percent tariffs on $200 billion worth; the tariffs on the $200 billion are scheduled to rise to 25 percent if there’s no deal.