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2/7, 5:32 PM (Source: TeleTrader)
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Report: Trump, Xi unlikely to meet before March 1

White House advisers are pushing for Donald Trump to focus on the announced summit with North Korean leader Kim Jong-un and the president of the United States is "highly unlikely" to meet China's President Xi Jinping before the end of the agreed truce in the bilateral trade war, CNBC learned on Thursday. An unnamed senior administration official revealed the meeting is still being planned.

The US scheduled the doubling of 10% tariffs for merchandise from the most populous nation in a package of protectionist measures if a comprehensive deal on trade and intellectual property isn't reached by March 1. However, anonymous sources estimated the deadline would be postponed with a "presidential memorandum."

There is "too much work" on the details of Trump and Xi's bilateral meeting, including a location and date, according to the report. People with knowledge of the matter claimed the US may opt for a "snap-back," where it would "selectively" lower levies for goods depending on progress in implementation.

Breaking the News / IT