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Trump says he won't meet with Xi before March 1 deadline

President Trump told reporters in the Oval Office Thursday that he won't meet with Chinese President Xi Jinping before March 1, the deadline for the 90-day trade war ceasefire the two leaders agreed to in December.

The big picture: U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin will travel to Beijing next week for another round of trade talks, Bloomberg reports. If a deal is not struck by the end of the month, Trump has said he will raise tariff rates on $200 million worth of Chinese goods from 10% to 25%.