The United States will postpone tariffs on some Chinese products

category:Finance
 The United States will postpone tariffs on some Chinese products


The Office of the United States Trade Representative will publish more details and a list of specific product types affected by the statement. The office plans to exclude products subject to additional tariffs.

Earlier, Liu He, a member of the Political Bureau of the CPC Central Committee, Vice Premier of the State Council and Chinese leader of the Sino-US Comprehensive Economic Dialogue, spoke with U.S. Trade Representative Lethizer and Finance Minister Mnuchin on an appointment. China has made strict and orthogonal representations on the tariff imposed by the United States on Chinese imports to the United States on September 1. The two sides agreed to call again in the next two weeks. Zhong Shan, Minister of Commerce, Yi Gang, President of the Peoples Bank of China and Ning Jizhao, Vice Director of the National Development and Reform Commission, attended the call.

Trump said on August 1 that he would impose a 10% tariff on $300 billion worth of Chinese goods, accusing China of failing to meet its commitment to buy more American agricultural products. Since President Trump announced a new round of tariffs, the slowdown in global economic growth caused by the trade war has dominated two weeks of volatile trading on Wall Street.