White House discussing possible trade summit with China at Mar-a-Lago: report

MarketPulse


White House officials have discussed President Donald Trump’s Florida club, Mar-a-Lago, as the possible site of a March summit with Chinese President Xi Jinping to resolve the ongoing trade war, Axios reported Sunday. White House sources told Axios that nothing has been set yet, and a meeting might not even happen. But if all goes well, Axios reported the summit could come as soon as mid-March. The 90-day tariff truce between the U.S. and China is set to expire March 1, and the Trump administration has threatened to hike tariffs on $200 billion of Chinese goods from 10% to 25% after that date. Talks between the two economic powers are continuing, but officials have suggested no final deal will be made until the two leaders meet. Last week, White House economic adviser Larry Kudlow said there was still “pretty sizable distance” to go before reaching a deal.

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