USTR Makes Announcement Related to Chinese Tariffs
On Tuesday, August 13th, the United States Trade Representative (USTR) announced that the U.S. would pull back on President Trump’s recently announced plans to implement new tariffs on Chinese exports to the U.S. The announcement stated that the U.S. would make some exceptions to the tariffs and allow tariffs for some products to receive a delay to mid-December in an attempt to ease concerns about consumer prices going into the Christmas holiday season. The announcement was also paired with a message that negotiations are ongoing between the two countries.
There was no indication that China took any reciprocal actions, even as it related to resuming purchases of U.S. agricultural commodities.
Tariffs to go into effect Sept 1:
Tariffs to go into effect on December 15: