China welcomes Donald Trump’s ‘goodwill’ act of postponing US tariff increase

Beijing, China welcomed US President Donald Trump’s decision to postpone a planned tariff increase on Chinese products from October 1 to October 15, calling it an act of “goodwill”.

On Wednesday, Trump confirmed he will delay a planned increase in tariffs from 25 per cent to 30 per cent on US$250 billion of Chinese goods at the request of Vice-Premier Liu He to avoid escalating trade tensions ahead China’s National Day on October 1, which is also the 70th anniversary of the founding of the People’s Republic of China.

Gao Feng, China’s Ministry of Commerce spokesman, also told at a regular press conference in Beijing on Thursday that Chinese buyers have already started to make enquiries about the prices of US farm products, including soybeans and pork, although he did not elaborate on the timing or size of any intended purchases.

Source: Jordan News Agency