Trump Has Agreed to a Two-Week Delay in Imposing Higher Tariffs on China

Associated Press

WASHINGTON (AP) — President Donald Trump says the United States has agreed to a two-week delay in a planned increase in tariffs on some Chinese imports.

Trump said on Twitter on Wednesday that the delay is “a gesture of good will.”

He says Chinese Vice Premier Liu He requested the delay “due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary … on October 1st.”

Trump has imposed or announced penalties on about $550 billion of Chinese products, or almost everything the United States buys from China. Tariffs of 25% that were imposed previously on $250 billion worth of Chinese goods were due to rise to 30% on Oct. 1.

Instead, Trump says, that will be delayed until Oct. 15.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.