White House to Officially Delay China Tariff Hike to March, Sources Say
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The Trump administration is making official its decision to delay until March 1 a tariff hike on $200 billion worth of Chinese goods to 25 percent from 10 percent, according to two people familiar with the matter.
A notice in the Federal Register is expected to be published on Friday, the people said. The decision cements an agreement reached Dec. 1 between President Donald Trump and his Chinese counterpart Xi Jinping during a dinner on the sidelines of the Group of 20 summit in Buenos Aires. The leaders agreed to postpone a further escalation in the tariff war for 90 days while they work out a trade deal. The tariff increase was initially planned for Jan. 1.