Trump Says He Will Delay 25% Chinese Tariff Scheduled for 3/1
Washington, DC, February 25, 2019-The United States is planning to delay additional Chinese tariffs that were scheduled to begin on March 1, President Donald Trump announced on Sunday, according to CNBC.
“In a series of posts on Twitter, Trump cited ‘substantial progress’ in bilateral talks between the U.S. and China. As a result, the president said he would suspend the new levies that would have taken place as early as Friday, but did not articulate a new deadline.
“Last week, sources familiar with the situation told CNBC that the United States and China are discussing a late March meeting between Trump and Chinese President Xi Jinping in Florida, news that Trump confirmed on Sunday. The summit is scheduled to take place at Trump's Mar-a-Lago golf club in Palm Beach, Florida.”