President Donald Trump on Sept. 11 announced that the U.S. will delay the next round of scheduled tariff increases on goods from China by two weeks.
Across the first $250 billion worth of goods subject to tariffs, the rate will be increased from 25% to 30% on Oct. 15, after the tariffs had previously been set to increase on Oct. 1, Trump announced at 7:17 p.m. EST via Twitter.
Trump said he was delaying the increase at the request of Chinese Vice Premier Liu He, “due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on October 1st,” and added that the move was “a gesture of good will.”
The delayed increase comes on the same day that China announced the first round of U.S. goods — 16 items in total — to be exempted from Chinese retaliatory tariffs, to be effective Sept. 17 through Sept. 16, 2020.
Trump announces two-week delay to planned China tariff increase
The announcement comes after Beijing announced its first round of tariff exemptions for U.S. goods earlier in the day.
Noble1
LOL !
Trump really seems to think he can play people for fools and manipulate the market as he pleases .
Trump your mercantilism tactics are getting long in the tooth .
Enjoy it while it lasts cause next election you’re out buddy .
I predicted you’d be in after Obama , now I’m predicting you’re going to be out .
You were quite entertaining though , LOL ! Thanks for your service , the people were in need of a break from the status quo .
In my humble opinion …………..