WeChat QR Code

Home>News Center

US delays China tariff increase as Trump claims 'substantial' deal

2019-10-12 09:23:50       source:The Guardian

October 11, 2019


Donald Trump announced a “very substantial phase one deal” to solve the long-running trade dispute with China.


After a two-day meeting in Washington between US and Chinese officials on Friday Trump announced a delay on plans to raise tariffs on $250bn worth of goods to 30% on 15 October.


A further 15% tariff on almost all remaining Chinese imports including laptops, smartphone, footwear and clothing is still set to be imposed on 15 December unless a deal can be reached with Beijing.


Read more:

https://www.theguardian.com/business/2019/oct/11/us-delays-china-tariff-increase-as-trump-cites-warmer-feelings-in-talks