President Trump agrees to 2-week delay in China tariff increase

WASHINGTON (AP) — President Donald Trump says the United States has agreed to a two-week delay in a planned increase in tariffs on some Chinese imports.

President Trump said on Twitter on Wednesday that the delay is “a gesture of good will.”

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.”

The president 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.

Instead, Trump says, that will be delayed until Oct. 15.

President Trump with China and money background
Associated Press

Associated Press

Top Stories

KTTC WEATHER AUTHORITY
Rochester
67°
Mason City
67°
Albert Lea
72°
Decorah
66°
Austin
Winona
59°
Connect with KTTC
Top Stories
Scroll to top
Skip to content