US delays new tariffs on Chinese goods till Dec 15

ANI
13 Aug 2019, 23:48 GMT+10

Washington DC [USA], Aug 13 (ANI): The United States on Tuesday delayed new tariffs on Chinese-made goods like cell phones and toys until December 15.

The decision came in the wake of a phone call between US Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin and Chinese negotiator Liu He, according to CNN.

As per the Chinese Commerce Ministry, the two sides agreed to continue negotiations through phone within two weeks.

The decision by Washington had a direct effect on the market as stocks surged.

Following the decision, US President Donald Trump tweeted, "As usual, China said they were going to be buying "big" from our great American Farmers. So far they have not done what they said. Maybe this will be different!"The Trump administration had last year imposed tariffs on Chinese-made goods amounting to about USD 250 billion. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.

More Information

null in null

International

Section

Houthis attack cargo ship in Red Sea, raising maritime safety fears

DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...

Trump administration restarts Ukraine arms deliveries

WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...

From France’s shores, desperate migrants look to reach British coast

ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...

CDC: US records 1,288 measles cases, most since 1992 outbreak

ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...

Gaza War sucking life out of an Israeli generation

In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...

Faulty IT system at heart of UK Post Office scandal, says report

LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...

Asia Business

Section