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The Trump administration is making official its decision to delay until March 1 a tariff hike on $200 billion worth of Chinese goods to 25% from 10%, according to two people familiar with the matter.

WASHINGTON — A media report suggests Beijing is scrapping its “Made in China” industrial policy criticized by the Trump administration in favor of one that allows greater access for foreign companies.

President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement.

President Donald Trump said he’ll likely push forward with plans to increase tariffs on $200 billion of Chinese goods, indicating he would also slap duties on all remaining imports from the Asian nation if negotiations with China’s leader Xi Jinping fail to produce a trade deal.

The Trump administration will hold off for now on imposing new tariffs on automobile imports as top officials weigh revisions to a report on the national security implications, according to two people familiar with the matter.

Investors in European carmakers are once again facing months of share volatility after the U.S. circulated a draft report on tariffs and European Commission President Jean-Claude Juncker signaled a cease-fire in the looming trade war may soon come to an end.

The U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if November talks between presidents Donald Trump and Xi Jinping fail to ease the trade war, three people familiar with the matter said.

Companies and business groups, including the U.S. Chamber of Commerce, ramped up their spending on lobbying during the third quarter, as they sought to contain what they feel is damage from President Trump’s trade war.