Trump delays increase in tariffs on Chinese goods by two weeks ‘as a gesture of goodwill’
9/11/19
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from The Washington Post,
9/11/19:
President Trump took a modest step Wednesday night to deescalate the trade war with China, saying he would delay until Oct. 15 an increase in the tariff rate on $250 billion in Chinese exports.
The increase, from 25 percent to 30 percent, had been scheduled to go into effect Oct. 1. Trump said on Twitter that the move was made at the request of the Chinese and “as a gesture of good will.”
Trump’s move Wednesday came after China had made a gesture of its own, announcing it would exempt 16 American-made products from tariffs as a sign of goodwill ahead of talks scheduled for next month.
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