Trump agrees to delay increase in tariffs on China ahead of nation’s 70th anniversary

Make sure to let us know what you think... we now have comments turned ON below the article!

President Donald Trump has canceled a planned hike in tariffs on China — for now.

The president announced Wednesday that he would be delaying the tariffs increase by two weeks as a “gesture of good will” in honor of the People’s Republic’s 70th anniversary this October.

Tariffs were set to rise by another 5% on Oct. 1, according to The Washington Examiner. But in a tweet Wednesday, Trump said that date had been pushed back to Oct. 15.

Trump’s trade war

Talks amid an ongoing trade war between the U.S. and China had halted over the summer — but that didn’t stop the two countries from digging their heels in with the announcement of new, competing tariffs.

China announced in August that it would place additional tariffs of 5% and 10% on roughly $75 billion worth of U.S. goods imported into the nation. The regime also announced a 25% tariff on U.S.-manufactured automobiles, as well as a 5% tariff on U.S.-produced auto parts.

Trump’s tariff hike came in response to this move by Beijing. Under his new plan, tariffs that were already set at 25% on roughly $250 billion of Chinese goods would be increased to 30%.

Additionally, tariffs on another $300 billion worth of Chinese goods would be raised from 15% to 20%.

On top of those tariff hikes, the president also strongly urged U.S. companies to refrain from doing business with China if at all possible as part of an effort to reduce the substantial trade deficit in favor of China and bring about trade parity between the two nations.

Extending an olive branch

But despite the tariff hikes, it looks like things could be looking up for U.S.–China relations. It was less than a month ago that Trump first announced the rise in tariffs, and the move soon after to push them back has some wondering if the increase will be canned altogether.

Additionally, Trump’s “gesture of good will” came hours after a similar move by Beijing, which had waived some of the new tariffs it had imposed on American goods like anti-cancer drugs and livestock feed, according to the BBC.

Hopefully, those acts of kindness from both sides will prove beneficial when trade negotiations resume in Washington later this month.

187 Responses

  1. I truly love your website.. Great colors & theme. Did you create this amazing site yourself? Please reply back as I’m attempting to create my own blog and would love to know where you got this from or exactly what the theme is named. Appreciate it!

  2. After I originally left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve 4 emails with the same comment. Perhaps there is an easy method you are able to remove me from that service? Appreciate it!

  3. This is the perfect webpage for anybody who hopes to understand this topic. You realize so much its almost hard to argue with you (not that I personally will need to…HaHa). You certainly put a brand new spin on a subject that has been written about for decades. Great stuff, just great!

  4. An interesting discussion is worth comment. I believe that you should write more about this issue, it might not be a taboo subject but usually people do not speak about these topics. To the next! Best wishes!!

  5. You actually make it appear so easy with your presentation but I to find this matter to be actually one thing that I feel I might by no means understand. It seems too complicated and very extensive for me. I’m looking ahead on your next submit, I’ll try to get the dangle of it!

  6. I truly love your website.. Very nice colors & theme. Did you develop this web site yourself? Please reply back as I’m planning to create my very own website and would love to learn where you got this from or what the theme is named. Thank you!

  7. Hi there, just became aware of your blog through Google, and found that it is really informative. I am gonna watch out for brussels. I will appreciate if you continue this in future. Many people will be benefited from your writing. Cheers!

  8. Whats up very cool blog!! Man .. Excellent .. Superb .. I’ll bookmark your website and take the feeds also…I am happy to search out a lot of useful information here within the put up, we need develop extra strategies in this regard, thanks for sharing.

  9. The other day, while I was at work, my sister stole my iphone and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is completely off topic but I had to share it with someone!

  10. I’m really loving the theme/design of your blog. Do you ever run into any web browser compatibility problems? A small number of my blog audience have complained about my blog not working correctly in Explorer but looks great in Opera. Do you have any advice to help fix this problem?

  11. Simple & Powerful Uploadea is Amazingly easy to Use where to Store Your Data & Save Your Countless Time

  12. Hi, I do believe this is an excellent website. I stumbledupon it 😉 I am going to revisit yet again since i have saved as a favorite it. Money and freedom is the best way to change, may you be rich and continue to help others.

  13. Hello there, I do think your web site could possibly be having internet browser compatibility issues. Whenever I take a look at your site in Safari, it looks fine however when opening in IE, it’s got some overlapping issues. I just wanted to provide you with a quick heads up! Besides that, wonderful site!

  14. Hi, I do think this is an excellent web site. I stumbledupon it 😉 I may come back yet again since i have book marked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

  15. I actually wanted to post a note to express gratitude to you for some of the splendid pointers you are giving out at this website. My extensive internet research has at the end been honored with reputable facts to exchange with my best friends. I ‘d declare that we readers actually are rather endowed to dwell in a good site with very many perfect individuals with very beneficial concepts. I feel pretty happy to have discovered your webpages and look forward to really more entertaining minutes reading here. Thanks a lot again for all the details.

  16. You really make it seem so easy with your presentation but I find this topic to be actually something which I think I would never understand. It seems too complex and extremely broad for me. I’m looking forward for your next post, I’ll try to get the hang of it!

  17. Woah! I’m really digging the template/theme of this site. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between usability and visual appearance. I must say you’ve done a amazing job with this. Also, the blog loads super fast for me on Safari. Superb Blog!|

  18. Somebody necessarily lend a hand to make significantly articles I’d state. That is the first time I frequented your web page and thus far? I amazed with the research you made to make this actual put up amazing. Fantastic task!

  19. I was curious if you ever considered changing the structure of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or 2 images. Maybe you could space it out better?

  20. I blog frequently and I truly appreciate your content. The article has really peaked my interest. I will book mark your site and keep checking for new information about once a week. I subscribed to your Feed as well.|

  21. Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I will come back yet again since i have bookmarked it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

Leave a Reply

Your email address will not be published.

Popular