U.S. / Donald Trump

Trump announces delay on next China tariff hike until Oct. 15

Posted On: Sep 12, 2019   |   Posted By: Politico

Trump announces delay on next China tariff hike until Oct. 15

President Donald Trump said on Wednesday that he was delaying plans to impose an additional 5 percent duty on $250 billion worth of Chinese goods until Oct. 15, or two weeks later than now scheduled. “At the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods , from October 1st to October 15th,” Trump said in a pair of tweets. The move followed China's announcement earlier on Wednesday that it was exempting 16 items from the retaliatory tariffs it has imposed on American products in response to Trump's tariff moves. Beijing's new tariff exemptions cover imports of medicines, insecticides and other products, but not U.S. agricultural goods. Chinese tariffs on U.S. soybeans, pork, corn and other agricultural commodities have had a major impact on U.S. farmers. Still, Trump told...

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