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US-China trade, currency and oil in focus



U.S. President Donald Trump said Tuesday he was open to postpone the March 2 deadline for tariffs if Washington and Beijing could reach a trade deal as soon as possible.

Trump softens his stand on China's trade battle, saying he is open to letting the deadline slide, but "prefer not." He also said that Beijing "wants to make a deal," and he has a "big team" in China trying to reach a resolution.

When asked if he would meet the Chinese President Xi Jinping at the end of March, Trump said "Not at this point."

Trump's comments have come to the fore by the US and China to strike a deal amidst ongoing trade banships between two economic powerhouses.

Deadline of March 2 is very important in negotiations like the US Tariffs on Chinese goods will increase if a deal has not been struck before then. Treasury Secretary Steven Mnuchin, with US Trade Representative Robert Lighthizer, was in Beijing this week for another round of negotiations with Chinese Vice Premier Liu He.

A morning note from strategists at DBS Group Research warned that "" The fringe of if a US-China trade agreement could explode is in the comments of President Donald Trump's his on / off meeting with Chinese President Xi Jinping on the extension of talks over 1

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