US delays tariff hike on China goods in ‘goodwill’ gesture

US President Donald Trump yesterday announced that he has agreed to delay an increase in tariffs on US$250 billion (RM1 trillion) worth of Chinese goods by two weeks, saying the decision was requested by Beijing.

“We have agreed, as a gesture of goodwill, to move the increased tariffs on US$250 billion worth of goods (25% to 30%) from October 1 to October 15,” he tweeted.