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Caspian Energy Journal Caspian European Club
Monday, 25 February 2019 11:00

Trump delays tariff hike on Chinese goods

Trump delays tariff hike on Chinese goods

U.S. President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

The announcement was the clearest sign yet that China and the United States are closing in on a deal to end a months-long trade war that has slowed global growth and disrupted markets.

Trump had planned to raise tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports into the United States if an agreement between the world’s two largest economies were not reached by Friday.

More details: https://www.reuters.com/article/us-usa-trade-china/trump-delays-tariff-hike-on-chinese-goods-citing-trade-talk-progress-idUSKCN1QD0L0

Person in charge of the newsline: Olga Nagiyeva 

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