Here is the official WH statement:
While President Donald J. Trump signed the waiver under the Jerusalem
Embassy Act and delayed moving the U.S. Embassy in Israel from Tel Aviv
to Jerusalem, no one should consider this step to be in any way a
retreat from the President's strong support for Israel and for the
United States-Israel alliance. President Trump made this decision to
maximize the chances of successfully negotiating a deal between Israel
and the Palestinians, fulfilling his solemn obligation to defend
America's national security interests. But, as he has repeatedly stated
his intention to move the embassy, the question is not if that move
happens, but only when.
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