Trump Delays October Tariff Hike

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12 Volt Tariffs

President Trump said he will delay by two weeks the 5 percent tariff hike on goods including amplifiers that was due to take effect October 1.

Trump wrote in a tweet Wednesday:

“At the request of the Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary on October 1st, we have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.”

The delay is apparently in recognition of trade negotiations with China due in coming weeks.

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Source: Automotive News

 

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