10 things you need to know today: February 25, 2019

Trump delays higher tariffs on Chinese goods, Green Book wins Best Picture at the Oscars, and more

The Green Book producers
(Image credit: VALERIE MACON/AFP/Getty Images)

1. Trump delays higher tariffs on Chinese imports

President Trump announced via Twitter on Sunday that he would delay hikes on Chinese import tariffs that were scheduled to start March 1. Trump said negotiators from the world's two biggest economies were making "substantial progress" on a host of issues, including "on important structural issues including intellectual property protection." He said he and Chinese President Xi Jinping would finalize a trade deal in a summit at Mar-a-Lago, Trump's Palm Beach, Florida, club. The new tariffs had been scheduled to hit at the end of a three-month truce Trump and Xi agreed to in December. The trade war has rattled financial markets and dragged down projections for global economic growth.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.