After week-long negotiations in Washington, US President Donald Trump agreed to postpone a tariff increase on US$200 billion worth of imports from China, an increase that was scheduled to take effect on March 2 if both countries did not agree on a trade deal by March 1.<br />As the US and China concluded their latest round of trade talks, China promised to buy 10 million tonnes of US soybeans, but negotiators haven’t yet agreed on a specific time frame for the purchases.<br />Both countries are also hammering out details of “memoranda of understanding” in six areas, including non-tariff barriers, forced technology transfers and intellectual property protection.<br />Trump said he hopes to meet his Chinese counterpart Xi Jinping at his Mar-a-Lago resort in Florida later in March for a “signing summit” to seal their trade deal. However, he also cautioned that a trade deal is not yet certain.<br />
