U.S. Commerce Secretary Howard Lutnick offered a timely update on America's trade deal with China, saying it's likely that President Donald Trump would extend the trade deadline by another 90 days.
When asked by FOX Business' Maria Bartiromo on Thursday whether the trade truce deadline will be extended, he responded, "I do."
"I think we're going to leave that to the trade team and to the president to make those decisions. But it feels likely that they're going to come to an agreement and extend that for another 90 days. But I'll leave it to that team," Lutnick said on "Mornings with Maria."
China US trade business concept as a Chinese-USA tariff war and American tariffs as two opposing groups of cargo freight containers as an economic dispute or relationship over import and exports as a 3D illustration. (iStock)
"I think the president said yesterday everything's on the table. You know, he thinks of his role as the peacemaker in the world and the creator of opportunity for America," the secretary added. "And he's going to use all the tools in his toolbox to use it. And he hasn't ruled anything out. So the president signaled progress on a China deal."
This is a developing story. Please check back for updates.