Trump pledges to postpone 5 percent hike on Chinese tariffs


us china economy worthy news(Worthy News) – President Donald Trump on Wednesday said the United States will postpone a planned 5 percent tariff increase on Chinese goods.

Trump wrote on Twitter that he will push the 5 percent increase in tariffs back two weeks at the request of Chinese Vice Premier Liu He because the original date of Oct. 1 fell on China’s 70th anniversary.

“We have agreed, as a gesture of goodwill, to move the increased tariffs on $250 billion worth of goods (25 percent to 30 percent) from Oct. 1 to Oct. 15,” Trump wrote. [ Source: UPI (Read More…) ]

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