March 1 Chinese Tariff Increases Delayed Indefinitely

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March 1 Chinese Tariff Increases Delayed Indefinitely

Author: sales@jsconnor.com

27-Feb-19

March 1 Chinese Tariff Increases Delayed Indefinitely

Yesterday President Trump announced that the previously scheduled tariff increase on $200 billions worth of Chinese imports will be further delayed.

The March 1st deadline has now been removed after U.S. and Chinese negotiators made "substantial progress" on important issues including "intellectual property protection, technology transfers, agriculture, services" and other issues. No further extension date was provided but indications are the President will be meeting with Chinese President Xi in Florida next month to conclude a comprehensive trade agreement.

While this is positive news it does leave us with some degree of uncertainty. The meeting date for the two leaders has not been set but indications are it will be soon. As of this writing there has been no comment from the Chinese side to confirm the status. We will continue to monitor this fluid situation and keep you advised.