Trump extends March 1 tariff hike deadline on China

After 'substantial progress,' president plans to meet Xi in Mar-a-Lago to conclude deal

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U.S. President Donald Trump speaks during a meeting with China's lead trade negotiator, Vice Premier Liu He, in the Oval Office on Feb. 22. © Reuters

KEN MORIYASU, Nikkei Asian Review chief desk editor

NEW YORK -- U.S. President Donald Trump on Sunday evening announced that trade talks with China had made enough headway over the weekend to justify delaying a planned tariff increase that would have kicked in after March 1.

In a series of tweets, Trump wrote that the U.S. had made "substantial progress" in the negotiations with China, which have covered "intellectual property protection, technology transfer, agriculture, services, currency, and many other issues."

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