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The Office of the U.S. Trade Representative has announced it will delay tariff hikes on Chinese imports worth 18 billion U.S. dollars by at least two weeks, adding that it was reviewing more than 1,100 comments regarding the extra tariff. What's behind the delay? How will the plan be adjusted? And once put in place, how will the tariff hike affect China, the U.S., and the world?
The Office of the U.S. Trade Representative has announced it will delay tariff hikes on Chinese imports worth 18 billion U.S. dollars by at least two weeks, adding that it was reviewing more than 1,100 comments regarding the extra tariff. What's behind the delay? How will the plan be adjusted? And once put in place, how will the tariff hike affect China, the U.S., and the world?