CNBC reports sources are telling them China has committed to buying up to $1.2 trillion of U.S. goods.
The news comes, as negotiators for both the U.S. and China wrap up another week of trade talks in Washington. The group is scheduled to meet Friday afternoon with President Trump at the White House.
Negotiators are continuing to work towards having a memorandum of understanding on several, key topics. Washington insiders say President Trump and Chinese leader Xi Jinping will meet sometime during the week of March 24th at Mar-a-Lago, to continue to try to work out a deal. Mar-a-Lago is President Trump's golf club in Palm Beach, Florida.
Sources said following meetings on Thursday that there were still big gaps on major issues, especially on China reducing improper subsidies for state-owned firms and its commitments on technology.
Negotiators are trying to beat a March 1st deadline. That's when tariffs are set to increase on billions of dollars of Chinese goods. President Trump has said he may extend the deadline. Keep following AgDay on Facebook and Twitter for the latest on this developing story.
Trump, Xi summit being discussed for late March as China commits to buying $1.2 trillion in US goods