US agrees to delay tariff hike on some Chinese goods

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The postponement comes at the request of the Vice Premier of China, Liu He, and due to China celebrating their 70th anniversary soon. FMTNews

US trade representative Robert Lighthizer , China’s Vice-Premier Liu He and US Treasury Secretary Steven Mnuchin at Diaoyutai State Guesthouse in Beijing.

WASHINGTON: US President Donald Trump said on Wednesday the United States has agreed to delay increasing tariffs on US$250 billion worth of Chinese imports from Oct 1 to Oct 15 “as a gesture of goodwill.” Trump said the postponement came “at the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary.”Chinese trade deputies are expected to meet with their US counterparts in mid-September in Washington before minister-level meetings in early October in the US capital, involving Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin.

 

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