Trump tweeted on Wednesday evening that he would be delaying tariffs on China by two weeks, in October.
The tariffs were scheduled to come into effect October 1 and would be 30% levy on $250 billion worth of Chinese goods.
The delay comes just a day after China removed some of its own tariffs on 16 American exports.
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Trump announced on Twitter on Wednesday evening that he would be delaying tariffs on China by two weeks in October.
The tariffs that pushed the levy on $250 billion worth of Chinese goods up from 25% to 30% will now go into effect on October 15 rather than October 1.
The President described it as a “gesture of goodwill” in the tweet, saying that the delay came “at the request of the Vice Premier of China, Liu He,” due to the fact China would be celebrating its 70th anniversary as the People’s Republic.
This comes just a day after China removed tariffs on 16 American exports, on goods such as fish meal, grease, and shrimp.
Investors are now debating whether the tariff changes signal a thaw in the dispute or a mood …read more
Source:: Businessinsider – Finance