President Trump tweeted out on Sunday what sounds like good news: Based upon "substantial progress" in trade negotiations with China, he was postponing a March 2 increase from 10 to 25 percent tariffs on some $200 billion in U.S. imports from China.
The president even declared expectations of further progress and a “signing summit” at Mar-a-Lago, perhaps as early as March. Major markets around the globe flashed green, signaling optimism that the results might yet be worth the economic disruption and uncertainty caused by the U.S.-China trade war.
It is true that both sides face pressure — economic and political — to reach a deal. But all we really know for now is that President Trump sees enough momentum in the talks that hiking tariffs at this time would slow not spur progress...
from The Hill - read full text
Ambassador Stuart Eizenstat served as U.S. Ambassador to the European Union from 1993 to 1996. He has held a number of key senior positions over the course of three U.S. administrations including chief White House domestic policy adviser to President Jimmy Carter, Under Secretary of Commerce for International Trade, Under Secretary of State for Economic, Business and Agricultural Affairs, and Deputy Secretary of the Treasury in the Clinton Administration.