President Announces US will not Raise Tariffs on $200 Billion in Chinese Goods

U.S. President Donald Trump and China’s President Xi agreed to maintain the tariffs on $200 billion worth of products from China at 10% ad valorem rate, and will not raise the tariffs to 25% on January 1, 2019 for a period of 90-days.

If, at the end of a 90-day period of negotiations, both parties are unable to reach an agreement, the 10% tariffs will be raised to 25%.

The White House press release click HERE.