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Trump postpones tariffs on Chinese goods

  • Regular
  • Economy
  • 2 months ago
  • 19

The current trade skirmish between China and the US may be easing, as President Trump announced he will delay further tariffs on Chinese goods until mid-October.

Trump called it a “goodwill gesture” as China exempted 16 US products from tariffs and prior to a fresh round of talks in Washington later this month.

The postponing of the tariffs by Trump may also that the October 1 date falls on the 70th anniversary of the founding of the People’s Republic of China.

 

Source: Smart Trend Team