The United States will delay plans to introduce additional tariffs on $ 250 billion of Chinese goods in a “gesture of goodwill” before the latest round of trade talks begins.
President Trump said that the 5 per cent duty, which was scheduled for October 1, would be pushed back for two weeks at the request of the Chinese vice-premier because the date coincided with the 70 th anniversary of the founding of the People’s Republic of China.
The decision comes after China announced plans yesterday toexempt 16 typesof US goods from additional import tariffs. Pharmaceuticals and lubricant oil were among the items to be excluded from the additional 25 per cent levy, China’s finance ministry said. The exemptions will be effective for a year from…
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