The Trump administration issued a notice officially logging the new tariff deadline into law shortly after the President's dinner with Xi in Argentina in early December. But that time stamp could just as easily be revised at Trump's discretion. "March 1 was always an arbitrary deadline," said Craig Allen, president of the US-China Business Council. "This is what the President is apparently contemplating."
USCBC in the News
The U.S.-China Business Council, which represents American companies doing business in China, applauded the announcement that the two sides would put specific language in a memorandum of understanding and said its existence could cause the Trump to push back deadline.
“It does appear that enough progress has been made to possibly extend the deadline,” said Craig Allen, president of the Washington-based group. “The memorandum of understanding might not finish all the details, but if it contained...
Jake Parker of the US-China Business Council discusses three possible outcomes to the ongoing US-China trade talks, with the most likely one being an extension of talks to reach a final agreement.
Raising tariffs on China is still 'very much a possibility': USCBC from CNBC.