US delays China tariff increase as Trump claims 'substantial' deal

[nitpicker]

https://www.theguardian.com/business/2019/oct/11/us-delays-china-tariff-increase-as-trump-cites-warmer-feelings-in-talks

US delays China tariff increase as Trump claims 'substantial' deal

Dominic Rushe in New York

Fri 11 Oct 2019 21.52 BST First published on Fri 11 Oct 2019 20.57 BST

Donald Trump announced a “very substantial phase one deal” to solve the long-running trade dispute with China.

After a two-day meeting in Washington between US and Chinese officials on Friday Trump announced a delay on plans to raise tariffs on $250bn worth of goods to 30% on 15 October.

A further 15% tariff on almost all remaining Chinese imports including laptops, smartphone, footwear and clothing is still set to be imposed on 15 December unless a deal can be reached with Beijing.

Trump said progress had been made on allegations of currency manipulation, intellectual property theft and other issues. China also agreed to increase its purchases of US agricultural goods and further open up its market to foreign financial services companies. The deal has not been written yet and may take weeks to finalize.
(snip)

[abqtommy]

1. It's typical of tRUMP to create a problem then backtrack and claim he solved it.

[C_U_L8R]

2. Yeah. I bet he's got some new clothes too.