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Wuxi Truckrun Motor Co.,Ltd
Add:No. 59,Hongchang Road, Hongshan Street, Xinwu District, Wuxi City, Jiangsu Province, China
Trump Truce, China And The United States Reach Consensus, 10% Of Tariffs Are Extended For 90 Days
Dec 05, 2018

         In early December 2018, US President Donald Trump and Chinese leader Xi Jinping reached a truce agreement on the trade war between the two sides. Trump agreed to delay the tariff on Chinese goods by 25%, which includes at least $1 billion in bicycle products. These commodity tariffs will remain at 10% on January 1, 2019. For at least 90 days from the December 1st Armistice Agreement, the tariff on these goods will still be 10% effective in September, so the 25% tariff on January 1, 2019 was delayed by about 60 days.