U.S. President Donald Trump's decision to extend the deadline for increasing tariffs on Chinese goods defuses one of the biggest risks hanging over global trade, investment and sentiment.
Trump said he will extend the deadline beyond this week, citing "substantial progress" in the latest round of trade talks that wrapped up Sunday in Washington.
"The U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues," Trump said in a Twitter posting Sunday evening. "As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1."