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.
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