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Trump tweeted October 1 tariffs on Chinese imports will be delayed by two weeks
Author: Larry Han



The increased tariffs on China scheduled to go into effect Oct. 1 will be delayed by two weeks "as a gesture of good will," President Donald Trump announced Wednesday.
 
Trump tweeted that the delay until Oct. 15 came at "the request of the Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will be celebrating their 70th Anniversary."
 
"We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th," Trump wrote in a two-part tweet.
 
Trade war: How tariffs on clothing, TVs and school supplies could affect you
 
See the list: New, higher tariffs could raise the prices of these Chinese-made products
 
The October tariffs raise an existing 25% tariff on $250 billion in Chinese imports to 30%. Many of these items are industrial and intermediate goods that will have less impact on American shoppers.

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