Section 301 tariff increase delayed

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President Trump delayed the increase of Section 301 tariffs on the third list of Chinese products, which were scheduled to from 10 to 25 percent on March 1.

The National Marine Manufacturers Association said in its Currents newsletter that hundreds of marine-related parts and materials have been impacted by the tariffs and encouraged both sides to continue to work toward a comprehensive agreement on all trade issues between the United States and China.

Trump confirmed that he will meet with Chinese president Xi Jinping in late March to continue negotiations.

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