President Trump again delayed a 10 to 25 percent increase on Section 301 tariffs that was scheduled to go into effect on March 1st. This came with the announcement that President Trump will be meeting with Chinese President Xi Jingping in late March to continue negotiations.
The reaction to this news has been mostly positive, with many concerned that the tariffs will add to market uncertainty and price fluctuations. The U.S. stock market climbed immediately following the announcement of the delay, as fears of a trade war have investors wary. With the talks between the U.S. and China still very fluid, this optimism may be short lived. We will continue to monitor this situation and report any updates as they unfold.