Trump Postponing Tariffs on China as a Good Will Gesture

Voice of America
12 Sep 2019, 11:35 GMT+10

President Donald Trump is postponing tariffs on $250 billion in Chinese goods as a "gesture of good will."

Trump made the announcement in a late Wednesday tweet, saying Chinese Vice Premier Liu He asked for the delay in time for the People's Republic of China's 70th anniversary Oct. 1.

The increase in tariffs from 25% to 30% was supposed to take effect on that date. They are now set for Oct. 15. There has been no response so far from Beijing.

Trump's announcement came after China said earlier Wednesday it is exempting a handful of U.S. products from the next round of sanctions set to begin Sept. 17. They include shrimp, a cancer-fighting machine, industrial grease and assorted chemicals.

Midlevel negotiators plan to meet later this month to prepare for the first high-level trade talks between the United States and China since July.

The talks are set to open next month in Washington.

Both sides are hoping to make a trade deal that can finally end the trade war between the United States and China.

The series of tariffs on a large number of products the U.S. and China buy from each other has rattled investors and made consumers uneasy with the outlook of higher prices.

Trump has long accused China of intellectual property theft and manipulating its currency to make its goods cheaper than American products on the world market.

China says U.S. trade policies are aimed at trying to stifle its ability to compete.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cape Town Express.

More Information

null in null

International

Section

Fox faces $787 million lawsuit from Newsom over Trump phone call

DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Canadian option offered to Harvard graduates facing US visa issues

TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...

Israel should act fast on new peace deals, Netanyahu says

JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...

UN offer rejected in Dreamliner crash investigation

NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...

UN climate agency gets 10 percent boost amid global budget cuts

BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...

South Africa

Section