US President Donald Trump and Chinese President Xi Jinping attend a bilateral meeting on June 29, 2019, on the sidelines of the G20 summit in Osaka.
Brendan Smialowski | AFP | Getty Images
President Donald Trump tweeted on Wednesday that he would postpone the $ 250 billion increase in tariffs on Chinese goods from October 1 to October 15 as a "goodwill gesture" China.
The postponement was "at the request of Vice Premier of China, Liu He, and due to the fact that the People's Republic of China will celebrate its 70th anniversary".
Tariffs have been raised from 25% to 30%. on the goods. He is said to be in Washington in early October for talks.
US. Equity futures rose more than 0.5% percent after news of the delay.
President Trump wanted to double the tariffs on Chinese goods last month after Beijing's recent retaliatory trade-off before embarking on a smaller increase, CNBC sources said. He was outraged when he learned on August 23 that China had made plans to impose tariffs on $ 75 billion US products in response to new tariffs from Washington on September 1
In the following days, both Mnuchin and the White House press secretary, Stephanie Grisham, said that Trump had only regretted not having raised the tariffs, a "conceptual" agreement on enforcement issues that had already made positive progress in the trade talks, which are expected to resume at a high level next month.
"An agreement," Mnuchin told Fox Business Network.
He also had a warning: President Donald Trump has no problem levying high tariffs on Beijing if an agreement can not be reached. Please try again later.
Kayla Tausche of CNBC and Kevin Breuninger and Reuters contributed to this report.