President Trump's follow up tweet:

I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!

Trump had two tweets, the first is here. But, to save you a click, the two tweets in ful:

1.

I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very...…

2.

....productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!

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AUD gaining a few tics on the tariff delay news from the US President

Key takeaways from all that is

  • US-China trade talks have been extended
  • The next round of tariffs have been delayed at least until Chinese President Xi and US President trump meet. The meeting is likely to be at Mar al Lago during either the 3rd or 4th week of March.