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 15 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 1 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.