President Trump reported yesterday that the U.S. has made “substantial progress” in trade talks with China and will delay U.S. increase of Section 301, List 3 (September 24, 2018) tariffs from 10% to 25%, which was originally scheduled for March 1, 2019.  According to his report, the bulk of remaining disputes focus on structural issues including subsidies and technology transfer. These concerns need to be addressed before the two sides make a substantial deal. There has been no announcement regarding the length of delay nor has an official notice been published.

There are reports that President Trump has prioritized cutting a deal with China before Section 301 List 3 tariffs are raised from 10% to 25%.

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