Trump Goodwill? Announcing The Delay And Adding 250 Billion US Dollars Will Be Useful For Chinese Product Tariffs.

US President trump said Wednesday that the United States has agreed to delay tariffs on imports of Chinese products worth 250 billion US dollars from October 1st to October 15th. "This is a goodwill expression."

Reuters quoted Chuan Pu as saying that "the request of Vice Premier Liu He of China should be postponed because People's Republic of China will celebrate the establishment of 70th anniversary."

Since September 1st, China and the United States have imposed tariffs on each other. The United States will impose a 15% tariff on 300 billion dollars worth of goods, and in addition, 250 billion yuan of Chinese products currently subject to 25% tariffs will rise to 30% in October 1st. China has announced that it will levy tariffs of 10% or 5% on US $75 billion worth of goods, and two batches will be implemented in September 1st and December 15th.

Just as the trade war escalated to an unprecedented height, in September 5th, vice premier of the State Council of China and Liu He, the Chinese leader of the Sino US comprehensive economic dialogue, spoke with the US trade representative, Wright chight, and finance minister Mnuchin. The two sides agreed to hold the thirteenth round of high-level Sino US economic and trade consultations in Washington at the beginning of October.

On Wednesday this week, the Chinese government issued the first list of the first time to exclude tariff products from the US and Canada. In response, President trump told reporters that this is China's "big move" and is a positive gesture made by the two trade negotiations officials before talks in Washington.

"They have taken some measures... This is very good. " Trump told reporters at the White House attending the activities of electronic cigarette on the same day, "I think this is a gesture, OK? This is a major move. "

After more than a year of trade friction between the US and China, trump reiterated that he hoped to conclude a trade agreement with China. "I have dealings with them. I know them. I like them." The president said, "I hope we can accomplish something."

China's Ministry of Finance website announced the first batch of us merchandise tariff exemption list on Wednesday, involving 16 products, including some anti-cancer drugs, lubricants, feed whey and feed fish meal.