The October 1 deadline, which would have seen the US apply another 5% tariffs on some $250bn of Chinese imports – raising an existing tariff from 25% to 30% – has been postponed by a fortnight. The Chinese requested it be delayed until after Golden Week and anniversary celebrations, according to a President Trump tweet. According to this report from CNBC, Mr Trump initially planned to double tariffs rather than the 5% …
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Source: The Loadstar
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