President Donald Trump says the United States has agreed to a two-week delay in a planned increase in tariffs on some Chinese imports.
Trump said on Twitter on Wednesday that the delay is “a gesture of good will.”
He says Chinese Vice Premier Liu He requested the delay “due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary … on October 1st.”
Trump has imposed or announced penalties on about $550 billion of Chinese products, or almost everything the United States buys from China.
Tariffs of 25% that were imposed previously on $250 billion worth of Chinese goods were due to rise to 30% on Oct. 1.
The two sides have agreed to resume negotiations in Washington early next month.
By delaying his tariff increase by two weeks, Trump has allowed for at least the theoretical possibility that the negotiators could make enough progress to avert his tariff increase indefinitely.
Trump flip-flops on meeting with Iran with ‘no preconditions’– then blames it on the media
President Donald Trump went off on the "fake news media" yet again, after his own appointees announced he was willing to meet with Iran.
"The Fake News is saying that I am willing to meet with Iran, 'No Conditions.' That is an incorrect statement (as usual!)," Trump tweeted.
In an odd twist, Trump announced just three months ago he'd be willing to meet with no preconditions.
“Not as far as I’m concerned – no preconditions,” the president said in a Meet the Press interview. At another point in the interview, he also said: “I think they want to make a deal. And my deal is nuclear.”
Internet fears Trump’s ‘locked and loaded’ tweet about oil field bomb means he’s gearing up for war with Iran
the largest U.S. oil producer can be brought to its knees with a drone carrying a bomb. President Donald Trump responded to intelligence that the drone didn't originate in Yemen, but rather from Iraq or Iran, by saying he was "locked and loaded."
"Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!" Trump tweeted Sunday.
3 out of 9 companies in one state have filed for bankruptcy since Trump promised to ‘bring back coal’
President Donald Trump's promises to coal miners have fallen along with his other broken campaign promises. Another state is facing the harsh reality that Trump is not riding in on a white horse to save them.
According to Axios, three out of the nine coal companies in the Powder River Basin in northeastern Wyoming have filed for bankruptcy and another two companies are consolidating. Kentucky coal miners have been protesting Blackjewl, which filed for bankruptcy in July, withdrawing payroll dollars from miners' accounts. Little has been heard about the Wyoming workers as those companies crumble, however.