The Trump Administration will delay a planned increase in tariffs on Chinese products. The tariff rate increase was scheduled to take affect at the end of this week, but President Trump has tweeted “substantial progress” has been made in the trade talks between the U.S. and China. The progress has reportedly been made in multiple areas, including agriculture. Trump also hinted a summit with Chinese President Xi Jinping to finalize an agreement is possible. Over the weekend, Treasury Secretary Steven Mnuchin said that trade meeting could happen in March.
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