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‘Gesture of good will’: Trump delays China tariff hikes by two weeks

“Prior to Trump’s tweets Thursday evening, China made a gesture of its own by waiving some tariffs on U.S. goods” reports washingtonexaminer.com. The move came after Beijing announced it was enacting additional tariffs of 5% and 10% on $75 billion worth of U.S. goods.China also said it would place a 25% tariff on American automobiles and a 5% duty on auto parts.Last month the Trump administration said it would raise existing tariffs on $250 billion worth of Chinese goods from 25% to 30% and boost planned tariffs on an additional $300 billion worth of goods from 15% to 20%.
 
Source: washingtonexaminer.com



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