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President Trump to Delay Next Round of Tariff Increases on China

President Trump sent out a tweet late Friday afternoon announcing that he would delay the next round of tariffs against China that had been set to go in effect on March 2nd. He expressed optimism that the trade talks would yield a resolution on the many structural issues at stake, culminating with a summit at Mar-a-Lago between President Xi and himself to conclude an agreement.

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United States Consumer Spending on the Rise

Last month during the holiday season, as expected there was a rise in consumer spending as households bought more vehicles and took advantage of a variety of services amid rising wages, indicating sustained domestic demand could result in an uptick of economic growth starting early 2017.

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