Trump postpones increase in duties on goods from China

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Trump postpones increase in duties on goods from China

Washington made concessions at Beijing’s request. The new measures were postponed to October 15.
U.S. authorities agreed to postpone the increase in duties on goods from China worth $250 billion for two weeks. This was announced on September 11 by US President Donald Trump on Twitter.

“At the request of Vice Premier of the State Council of The People’s Republic of China Liu He, as well as the fact that on October 1, China will celebrate the 70th anniversary of its founding, we agreed as a gesture of goodwill to postpone the increase from 25% to 30% of duties on products worth 250 billion 1 to October 15th,” the American leader wrote.

Earlier it was reported that China decided to remove additional duties of 25% on 16 categories of goods from the U.S. and Canada from September 17.

Recall, on August 23, Trump announced that from September 1, duties on Chinese goods totaling $300 billion will increase from 10 to 15%, and from October 1, duties on goods totaling $250 billion will increase from 25 to 30%.

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He explained all this by China’s decision to impose duties on the import of American goods totaling $75 billion.