China Welcomes Delay of US Tariff Hikes

China Welcomes Delay of US Tariff Hikes

FLASH: The US Trade Representative’s office delayed a scheduled hike in tariffs on Chinese goods from 10 to 25% Friday, ahead of the official publication notice this coming Tuesday.

Saturday, China said that it welcomed the release of language from the United State Trade Representative’s office (USTR) delaying a scheduled hike in US tariffs on $200-B worth of Chinese goods.

In a statement posted on the website of the Ministry of Commerce, citing an unidentified official at China’s State Council Tariff Commission, China said that it was aware of the USTR’s announcement to maintain tariffs at 10% until further notice, and welcomed the step.

President Donald Trump had announced the delay Sunday as trade talks between the 2 sides had made progress. 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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