Categories: News

Trump to delay tariff increase on Chinese goods

The US is to delay an increase in tariff rates on Chinese goods, Donald Trump has tweeted, after "substantial progress" was made in trade talks.

The Trump administration approved tariffs on roughly $200 billion of imports from China, including about $1 billion in bike products, in September last year

An increase from 10% to 25% was due to come into effect on 1st January, but this was delayed to 1st March.

Now, Trump has said the US is planning a summit with Chinese Premier Xi Jinping at the US President’s Mar-a-Lago resort in Florida.

Rebecca Morley

Recent Posts

The top five jobs in the bike trade this week – 17th May

The BikeBiz jobs board helped filled more than 720 positions in 2023, and listings are…

50 mins ago

Specialized introduce S-Works LTD models with SRAM Red AXS

Specialized has chosen the launch of the new SRAM Red AXS as a platform to…

1 day ago

New SRAM Red AXS groupset unveiled

SRAM has unveiled a completely redesigned Red groupset with fully wireless connectivity and expanded gearing…

2 days ago

Hammerhead updates Karoo for ‘unparalleled’ connectivity with SRAM AXS

To support the launch of the new SRAM Red groupset, Hammerhead has released its latest…

2 days ago

DT Swiss introduces new privateer racer and bike park shredder wheelset

DT Swiss has introduced an all-new wheelset in the form of the F 1900 Classic,…

2 days ago

Goodyear tyres launch Vector R Fitment Series

Ohio-headquartered Goodyear has introduced its brand new Vector R Fitment Series, comprising the Vector Z30…

2 days ago