Trump Delays Tariffs on Chinese Goods

The United States will delay plans for a hike in tariffs that were scheduled to begin on March 1.

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Trump announced on his twitter account that the U.S. will be delaying a menu of additional Chinese tariffs that were scheduled to begin on March 1. 

Since placing a series of tariffs on Chinese goods in March 2018, the two countries have been going back and forth with raising duties on imports.The two countries have had a series of meetings to discuss trade tensions, which Trump has said has made "substantial progress."

According to CNBC, the two countries will meet again in late March in Florida.

Ahead of that meeting, China has committed to buying up to $1.2 trillion in U.S. goods, however, the two sides are far apart on issues concerning the forced transfer of intellectual property, CNBC reports.