9/11/2019

CHINA/TARIFFS/TRUMP AS PRESIDENT: “President Trump said Wednesday [9-11-19] night that the United States would delay its next planned tariff increase on China by two weeks, as ‘a gesture of good will’ that may help to mend the seriously damaged ties between the world’s two biggest economies. The United States would delay a planned increase in its 25 percent tariff on $250 billion of Chinese goods from Oct. 1 to Oct. 15, a move that was made ‘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,’ the president said in a tweet. The move comes as trade talks between the United States and China have stagnated, leading to stock market volatility and consternation among businesses that have paid higher prices to import and export goods.”

Ana Swanson, “Trump Delays Planned Tariff Increase in ‘Gesture of Good Will’ to China,” The New York Times online, September 11, 2019