US delays China tariff increase as Trump claims 'substantial' deal

  • US had planned to raise tariffs on $250bn of goods to 30%
  • Trump: ‘All would like to see something significant
    happen!’

Donald Trump announced a “very substantial phase one deal”
to solve the long-running trade dispute with China.

After a two-day meeting in Washington between US and Chinese
officials on Friday Trump announced a delay on plans to raise
tariffs on $250bn worth of goods to 30% on 15 October.

Source: FS – All-News2-Economy
US delays China tariff increase as Trump claims 'substantial' deal