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The United States will delay China tariffs scheduled to start on March 1

The United States plans to delay a menu of additional Chinese tariffs that would be on March 1, President Donald Trump announced on Sunday, as the world's two largest economies have a definitive end to a widespread trade dispute. Trump tweet Last week, sources familiar with the CNBC situation told that the United States and China are discussing a late March meeting between Trump and China's President Xi Jinping in Florida, news that Trump confirmed on Sunday. The summit is scheduled to take place at Trumps Mar-a-Lago Golf Club in Palm Beach, Florida. Trump tweet Due to this confusion, China has pledged to buy up to $ 1.2 trillion in US goods, but as late as last week, the two sides are said to be far apart on coercion issues of intellectual property. The trade war between the US and China has risen the markets and cast a shadow over the prospects for global growth. In recent trading opportunities, investors have slowly priced with the prospect that the fight would be resolved. On Sunday, Dow Futures indicated a modest higher opening on Wall Street Monday. – CNBCs Thomas Franck and Kayla Tausche contributed to this article.

The United States plans to delay a menu of additional Chinese tariffs that would be on March 1, President Donald Trump announced on Sunday, as the world’s two largest economies have a definitive end to a widespread trade dispute.

Trump tweet

Last week, sources familiar with the CNBC situation told that the United States and China are discussing a late March meeting between Trump and China’s President Xi Jinping in Florida, news that Trump confirmed on Sunday. The summit is scheduled to take place at Trumps Mar-a-Lago Golf Club in Palm Beach, Florida.

Due to this confusion, China has pledged to buy up to $ 1.2 trillion in US goods, but as late as last week, the two sides are said to be far apart on coercion issues of intellectual property.

The trade war between the US and China has risen the markets and cast a shadow over the prospects for global growth. In recent trading opportunities, investors have slowly priced with the prospect that the fight would be resolved. On Sunday, Dow Futures indicated a modest higher opening on Wall Street Monday.

– CNBCs
Thomas Franck
and
Kayla Tausche
contributed to this article.

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