President Donald Trump on Sept. 11 announced that the U.S. will delay the next round of scheduled tariff increases on goods from China by two weeks.
Across the first $250 billion worth of goods subject to tariffs, the rate will be increased from 25% to 30% on Oct. 15, after the tariffs had previously been set to increase on Oct. 1, Trump announced at 7:17 p.m. EST via Twitter.
Trump said he was delaying the increase at the request of Chinese Vice Premier Liu He, “due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on October 1st,” and added that the move was “a gesture of good will.”
The delayed increase comes on the same day that China announced the first round of U.S. goods — 16 items in total — to be exempted from Chinese retaliatory tariffs, to be effective Sept. 17 through Sept. 16, 2020.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now