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2/24, 11:52 PM (Source: TeleTrader)
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Trump: US to delay China tariffs increase

United States President Donald Trump said the US will delay the increase in tariffs on Chinese goods which was originally scheduled for March 1. He also stated a trade deal is within reach "assuming both sides make additional progress" and anticipated a meeting with China's President Xi Jinping to conclude the negotiations.

"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 tweeted.

Breaking the News / DJ