Donald Trump delays US tariff rate increase to avoid escalating trade tension on China’s National Day

US President Donald Trump said on Wednesday that he will delay a planned increase in tariffs on Chinese goods at the request of Vice-Premier Liu He to avoid escalating trade tensions on China’s National Day.The new 30 per cent tariff rate on US$250 billion worth of imports from China, from the existing 25 per cent rate, has been moved from October 1 to October 15 in recognition of the 70th anniversary of the founding of the People’s Republic of China, which falls on the earlier date, Trump said…

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