Florida club to host Trump-Xi meeting next month, report suggests

Business | 11 Feb 2019 9:20 am

White House officials have discussed US President Donald Trump's Florida club, Mar-a-Lago, as the possible site of a March summit with Chinese President Xi Jinping to resolve the trade war, MarketWatch reports citing Axios.

White House sources told Axios that nothing has been set yet, and a meeting might not even happen. But if all goes well, Axios reported Sunday the summit could come in mid-March.

The 90-day tariff truce between the U.S. and China is set to expire March 1, and the Trump administration has threatened to raise tariffs on US$200 billion of Chinese goods from 10 percent to 25 percent after that date.

Talks between the two economic powers are continuing, but officials have suggested no final deal will be made until the two leaders meet. Last week, White House economic adviser Larry Kudlow said there was still "pretty sizable distance" to go before reaching a deal.

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