WASHINGTON—President Donald Trump said on Feb. 24 he would delay an increase in U.S. tariffs on Chinese goods scheduled for later this week thanks to progress in trade talks and said if progress continued, he and Chinese leader Xi Jinping would seal a deal.
Trump had planned to increase tariffs to 25 percent from 10 percent on $200 billion worth of Chinese imports into the United States if a deal were not reached by Friday, March 1, between the world’s two largest economies.
The president said in a tweet that progress had been made on a host of divisive areas including intellectual property protection, technology transfers, agriculture, services, and currency.
As a result of the talks, he said: “I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!” more here
I’d say China is crying Uncle.
I think China is going to be like North Korea. They will tell us what we want to hear, then once the deal is sealed, they will just go ahead and continue with doing things the way they always have. The only difference is now DJT is running things. If China does do what I suspect, then tariffs will suddenly reappear, and at 50% instead of 25%.
The Chinks are in for a rude awakening, we don’t have a pussy in charge anymore.