Home / Business / Trump to delay tariff increase on Chinese goods

Trump to delay tariff increase on Chinese goods

The US is to delay an increase in tariff rates on Chinese goods, Donald Trump has tweeted, after "substantial progress" was made in trade talks.

The Trump administration approved tariffs on roughly $200 billion of imports from China, including about $1 billion in bike products, in September last year

An increase from 10% to 25% was due to come into effect on 1st January, but this was delayed to 1st March.

Now, Trump has said the US is planning a summit with Chinese Premier Xi Jinping at the US President’s Mar-a-Lago resort in Florida.

Check Also

Hayes Performance completes Reynolds integration

All Reynolds inventory is now moved from Salt Lake City, UT and has been shipping to retailers across the USA since January and across Europe since March