Wednesday, October 23, 2019
Business

US-CHINA Trade war : 14 days extension

US-Chinese trade war

A slight olive branch in the trade war between the US and China has been extended. Yesterday President Trump announced that he would delay imposing an extra 5 percent tariff increase on $250 billion of Chinese goods by two weeks, moving the hike from October 1 to October 15. He said in tweet that it was a “gesture of goodwill” to allow the People’s Republic of China to celebrate its 70th anniversary on the first of the month. The move will buy more time for the US and China to negotiate.

 

US-CHINA Trade war : 14 days extension
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