President Donald Trump has postponed an increase in China tariffs as a "gesture of goodwill". He said he agreed to a delay requested by the Beijing government in light of upcoming 1 October celebrations of the 70th anniversary of the founding of the people's republic. The rise of import taxes from 25% to 30% on $$75 billion worth of goods is now set for 15 October.
President Donald Trump has postponed an increase in China tariffs as a "gesture of goodwill". He said he agreed to a delay requested by the Beijing government in light of upcoming 1 October celebrations of the 70th anniversary of the founding of the people's republic. The rise of import taxes from 25% to 30% on $250bn worth of goods is now set for 15 October.