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.

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