McLean County Farm Bureau

TRUMP DELAYS INCREASE IN TARIFFS ON CHINESE GOODS BY TWO WEEKS –

President Trump said on Twitter on Wednesday night that he would delay by two weeks the next increase in tariffs on Chinese goods as a “gesture of good will” to advance trade talks. The president acted several hours after a conciliatory Chinese move to grant 16 U.S. products a one-year exemption from Beijing’s retaliatory tariffs. Trump said he delayed his scheduled Oct. 1 increase to Oct. 15 at the request of China’s chief trade negotiator to avoid imposing the tariffs as the People’s Republic of China celebrated its 70th anniversary. (Washington Post)