Trade talks between the U.S. and China are expected to continue on into Friday despite the Trump administration’s plans to hike tariffs on virtually all Chinese goods to 25% at midnight Thursday. The extension indicates the sides still think they can reach an agreement, even after missing Thursday’s deadline.

“I just called someone who is close to the negotiations in Washington and was told the two sides just finished Thursday’s talks. They will have another negotiation Friday morning US time. In other words, negotiations will extend beyond the time when the US starts to raise tariffs,” Hu Xijin, the editor-in-chief of Chinese state-run newspaper the Global Times, tweeted in English late Thursday.