The ongoing tariff saga between the US and China continues, with the latest move seeing President Donald Trump agree to delay the next tariff increase on US$250bn worth of Chinese imports by two weeks.

Trump took to Twitter to announce the news, stating as a “gesture of good will” the increase scheduled for 1 October will now be pushed back to 15 October, when tariffs on selected items with a total import value of $200bn, will rise from 25% to 30%.

Products on the so-called Tranche 3 list, were subject to an additional 10% tariff as of 24 September last year and a further increase to 25% in May. The list, which includes hundreds of food items covering areas such as meat, seafood and fresh produce, was set to see the levy rise to 30% at the start of next month.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Separately, new 15% tariffs on other food items imported into the US from China came into effect at the beginning of September and are due to be expanded to additional goods on 15 December.

Meanwhile, ahead of the Tranche 4 tariffs, imports at major US retail container ports reached unusually high numbers in July – and are expected to surge again in the run-up to the December increase.