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U.S. Trade Representative Issues Notice On Delay of China Tariff Increase

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U.S. Trade Representative Issues Notice On Delay of China Tariff Increase

U.S. Trade Representative Issues Notice On Delay of China Tariff Increase

According to Reuters, the United States Trade Representative’s office has released a notice to delay a scheduled hike in tariffs on $200 billion worth of Chinese goods.

In it, the agency said it is “no longer appropriate” to raise the rates because of progress in negotiations since December 2018.

A tariff increase to 25 percent was initially scheduled for January 1, but after productive conversations with President Xi Jinping, the Trump administration issued a 90-day extension of that deadline.

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U.S. Trade Representative Issues Notice On Delay of China Tariff Increase

MAY 21, 2018, FILE PHOTO MARCH 29, 2018, FILE PHOTO




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