Trump caves on Chinese tariff increase for the second month in a row
U.S. President Donald Trump and U.S. first lady Melania visit the Forbidden City with China's President Xi Jinping in Beijing, China, November 8, 2017. REUTERS/Jonathan Ernst

U.S. President Donald Trump said on Sunday that he would delay an increase in tariffs on Chinese goods that had been scheduled for Friday, citing “substantial progress” in U.S.-China trade talks over the weekend.


Trump said he would plan a summit meeting with Chinese President Xi Jinping at his Mar-a-Lago estate in Florida to conclude an agreement, assuming both sides make additional progress.

Reporting by David Lawder; Editing by Peter Cooney