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Trump delays China tariff increase by two weeks, until Oct. 15

From bnnbloomberg.ca

President Donald Trump on Wednesday said he was moving back a 5-per-cent increase in tariffs on Chinese goods by two weeks -- out of respect for the celebration of the 70th anniversary of the revolution that brought the communist government to power. “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 on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th,” Trump wrote on Twitter. Both China and the ... (full story)

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  • Category: Fundamental Analysis