U.S. and Chinese trade delegations wrapped up another round of discussions Friday ahead of the March 1 deadline, when tariffs on $300 billion are set to increase from 10% to 25%; however, deadlines were extended.

The meetings follow discussions from the previous week between China's President Xi Jinping and U.S. Treasury Secretary Steve Mnuchin in Beijing, China. President Donald Trump followed up with a tweet saying the talks were very productive. While progress continue to be made on talks with China, Trump has also confirmed extending the self-imposed March 1 deadline.

Negotiators are closing in on as many as six separate agreements, including one on agriculture. According to reports, China is proposing to buy an additional $30 billion a year in U.S. agricultural products as part of the possible deal. A currency deal has also been reported. Late on Friday, Agriculture Secretary Sonny Perdue said China committed to buying 10 million metric tons of U.S. soybeans.

“In Oval Office meeting today, the Chinese committed to buy an additional 10 million metric tons of U.S. soybeans. Hats off to @POTUS for bringing China to the table. Strategy is working. Show of good faith by the Chinese. Also indications of more good news to come,” Perdue said in a tweet late Friday.

While this news brings purchase commitments from China to approximately 16.5 million, the total purchases still do not add up to the value to soybean growers of seeing the retaliatory trade tariffs rescinded.

“It is good to see our beans moving to China again,” said American Soybean Assn. president Davie Stephens, a grower from Clinton, Ky. “While piecemeal purchases such as this one can be a part of the solution, what our industry needs right now is structural reform that leads to China rescinding its tariff on U.S. beans and fully reopening the market.”

During a breakout session on trade at the outlook session, U.S. chief agriculture negotiator Gregg Doud was careful not to give away any negotiating details but said the goal remains to increase market access for U.S. agricultural products.

China had become a great market for soybeans, but the goal is to figure out a way to open up China for other commodities as well. “That’s exactly what we’re trying to do,” he said.

Tariffs Hurt the Heartland, the nationwide campaign against tariffs supported by American manufacturers, retailers, technology and agricultural organizations, said in a statement that it is encouraged by this latest sign of progress and that the Administration seems to have heard the concerns of U.S. businesses and farmers who simply cannot afford more tariffs.

“However, existing tariffs and shifting deadlines are still making it harder for Americans to plan for the future, invest and grow. As we have said repeatedly, we agree with the need to address China's unfair trading practices, but tariffs are ultimately taxes paid by American businesses, and that's why using them as leverage will always be a losing proposition. We need a solution as soon as possible that ends the tariff uncertainty once and for all and improves the U.S.-China trading relationship,” Tariffs for the Heartland said in a statement.

Earlier this month, at a press conference on Capitol Hill with bipartisan members of the Senate, Tariffs Hurt the Heartland released a report prepared by Trade Partnership Worldwide LLC that found that if tariffs increased on March 1, it would result in the loss of nearly 1 million U.S. jobs.