President Trump Announces Two Week Delay on Next Tariff Increase
As previously reported tariffs on $250 billion worth of Chinese goods were scheduled to rise to 25% from 30% on October 1. This deadline has now been pushed back.
Through a couple of tweets on September 11, 2019, President Trump announced he will delay from October 1 to October 15 the planned increase from 25% to 30% on List 1, 2 and 3 imports from China. This announcement comes as the result of China’s announcement earlier that day that it will exempt approximately 16 American products from their imposed retaliatory tariffs.
We will continue to monitor the situation and keep you advised. If you have any questions, please contact your local C J representative.