Trump to Delay Additional China Tariffs Originally Scheduled to Start on March 1
The United States is planning to delay a menu of additional Chinese tariffs that were scheduled to begin on March 1, US President Donald Trump announced on Sunday, as the world’s two largest economies hash out a definitive end to a wide ranging trade dispute.
''I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!'', Trump wrote.
The U.S.-China trade war has upended markets, and cast a shadow over prospects for global growth. In recent trading sessions, investors have been slowly pricing in the prospect that the fight would be resolved.
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