U.S. President Donald Trump says the United States has agreed to a two-week delay in a planned increase in tariffs on some Chinese imports.
He says Chinese Vice Premier Liu He requested the delay "due to the fact that the People's Republic of China will be celebrating their 70th Anniversary ... on October 1st."
Trump has imposed or announced penalties on about $550 billion of Chinese products, or almost everything the United States buys from China. Tariffs of 25% that were imposed previously on $250 billion worth of Chinese goods were due to rise to 30% on Oct. 1.The two sides have agreed to resume negotiations in Washington early next month.
....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.
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