Donald Trump welcomes China’s decision to exempt some US goods from its tariffs. US announces a short delay to tariff hikes in response
n this July 24, 2019, photo, a cargo ship is docked a port in Yingkou in northeastern China's Liaoning Province.
On Wednesday, Trump wrote in a post on Twitter that the United States had agreed to delay increasing tariffs on $250 billion worth of Chinese imports from Oct. 1 to Oct. 15 “as a gesture of good will.” The tariffs were set to increase to 30% from 25% on the goods. “The exemption could be seen as a gesture of sincerity towards the US ahead of negotiations in October but is probably more a means of supporting the economy,” ING’s Greater China economist Iris Pang wrote in a note.
Analysts say that with its duties on soybeans and US-made cars, China is taking aim at a key political support base of Trump, mainly the factories and farms across the Midwest and South at a time of receding momentum in the world’s top economy. The exemption will take effect on Sept. 17 and be valid for a year through to Sept. 16, 2020, it said. Beijing said in May that it would start a waiver program, amid growing worries over the cost of the protracted trade war on its already slowing economy.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. stock futures rise after Trump delays tariff hikes against China until Oct. 15U..S stock futures rose late Wednesday immediately following President Donald Trump announcement that he will delay implementing higher tariffs on $250...
Consulte Mais informação »
The US lobster industry latest to get caught in the US-China trade warCNBC's Contessa Brewer reports from Kennebunkport, Maine on how the U.S. lobster is the next item to get caught up in the U.S.-China trade war.
Consulte Mais informação »
U.S., China grant trade concessions as fresh talks loomU.S. President Donald Trump on Wednesday welcomed China's decision to exemp...
Consulte Mais informação »
Fund investors continue retreat from U.S. stock marketInvestors last week pulled nearly $4.4 billion from mutual funds and exchange-tr...
Consulte Mais informação »
US stocks move higher as China eases trade tensionsStocks are rising broadly on Wall Street in afternoon trading as investors welcome China's move to exempt some U.S. products from a recent round of tariffs
Consulte Mais informação »
Oil rises as U.S., China swap concessions in trade war, inventories fallOil prices jumped on Thursday, bouncing back from heavy losses in the previous s...
Consulte Mais informação »