1. In December, Trump gave China 90 days to conclude a deal Otherwise. Trump said he would boost tariffs on $200 billion of Chinese goods to 25% from the current 10%.Those 90 days ended March 1.
  2. On December 31, I noted Trump Hails "Big Progress" on Trade Deal With China. I commented "Supposedly there is 'big progress' on a comprehensive trade deal with China. Color me skeptical."
  3. On January 19, I noted China Pledges US Buying Spree to Reduce Trade Surplus With US to Zero By 2024. I commented "In discussions that are not yet public, and will likely be empty promises, sources say China Offers a Path to Eliminate U.S. Trade Imbalance."
  4. On February 22, the Washington Post reported Trump says he expects to meet with China’s Xi and finalize new trade deal but Trump would not rule out extending the deadline beyond March 1.
  5. On February 24, Trump Tweeted there was "substantial progress on intellectual property" and suspended tariffs.
  6. On February 25, I noted Hooray! "Substantial" Progress With China (Just Don't Ask Where) in response to Trump's Tweets.
  7. At the end of February, Trump expected a small delay in signing.
  8. On March 2, I noted Trump Assails WTO "Straitjacket", Attempts Pocket Veto of Entire Organization.
  9. On March 12, the Washington Post stated U.S. Trade Representative Robert E. Lighthizer told the Senate Finance Committee “Our hope is that we are in the final weeks” of negotiations. However, Schumer said on the Senate floor, “It is abundantly clear that China is playing us.”
  10. On March 13, Trump stated that he is in No Rush to Complete China Trade Deal. “I think things are going along very well - we’ll just see what the date is,” Trump told reporters at the White House.

Drum Roll Please. ......

Today, Bloomberg reports China and U.S. to Push Back Trump-Xi Meeting to at Least April

The key words here are "at least" April. Lighthizer warned ‘major issues’ remained outstanding in talks.

90 Days Till Who Knows When

RECOMMENDED ARTICLES

We have gone from the certainty of "90 days or else" to canceled tariffs and who knows when.

As I said at the outset, there will be a deal, just don't expect much substance to it or for China to honor it if there is.

Meanwhile, I am sure a pause in Tariffs and a delay in the deal suits China just fine.

For the record, I think the pause in tariffs is a good thing because tariffs are a bad idea in the first place. US farmers were getting killed by China's retaliations.

Any deal that eliminates tariffs and retaliations will be a good thing, even if it otherwise accomplishes nothing.

Mike "Mish" Shedlock

Trump Hails "Big Progress" on Trade Deal With China

Supposedly there is "big progress" on a comprehensive trade deal with China. Color me skeptical.

No Foolin' This Time We're Close, Really Close to Trade Deal With China

Trump says we're really close to a deal with China but “major, major issues left,” says trade rep Robert Lighthizer.

Trump Hints at Trade Deal With China After he Wins Reelection

The top Trade team from the US will meet with China but expectations are not high.

Postponed Again: Trade Deal With China Now "Tentatively" Set for May 27 or June

We now have a new tentative date for a trade deal with China: May 27 or Sometime in June.

Trump Reverses Course, Promises "Great Trade Deal" With UK

One day after telling Theresa May that her Brexit plan was incompatible with a US trade deal, Trump changed his mind.

Trump's No Meat on the Bones Trade Announcement With China

The market rallied yet again on Friday on still more rumors of a trade deal with China. Details are lacking.

Trump and China to Sign Trade War Ceasefire on Wednesday

On Wednesday, the US and China will sign a compromise deal that will calm but not end a two-year trade war.

Trump Wants a "Very Big Deal" With China, Else a "Little" Postponement

Trump, he claims there will be a "complete" deal and a "very big" deal else Tariffs start on March 1.

Corn Exports Plunge but Trump "Not Ready to Make a Deal With China"

Trade tensions will not go away as Trump keeps fanning the flames while putting on an air of nonchalance.