US suspends tariff hike on Chinese import in October

  • 14 October 2019
  • 196

Treasury Secretary Steven Mnuchin said the president Donald Trump had agreed not to proceed with a hike in tariffs to 30 per cent from 25 per cent on Chinese goods that it was supposed to have gone into effect on October 15. The news followed two days of talks in Washington, the 13th round of negotiations between US and China.

It should be noticed Trump had not made a decision about tariffs that were planned to go into effect in December.

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