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Trump delays tariff hike on Chinese goods, citing trade talk progress

After a week of talks that extended into the weekend, Trump said tariffs would not go up for now

Us China Trade War  |  Donald Trump  |  Trump Tariffs

Reuters  |  WASHINGTON 

President Donald Trump said on Sunday he would delay an increase in US 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. 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 ...

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First Published: Mon, February 25 2019. 15:47 IST