{"id":78318,"date":"2019-10-18T08:48:10","date_gmt":"2019-10-18T08:48:10","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/trump-administration-postpones-tariff-hike-chinese-imports\/"},"modified":"2025-09-19T08:51:55","modified_gmt":"2025-09-19T08:51:55","slug":"trump-administration-postpones-tariff-hike-chinese-imports","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/trump-administration-postpones-tariff-hike-chinese-imports\/","title":{"rendered":"Trump administration postpones tariff hike on Chinese imports"},"content":{"rendered":"
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President Trump said\u00a0 the government had reach a \u201cphase one\u201d trade agreement with China and won\u2019t be moving forward this week with the scheduled tariff increase to 30% on some $250 billion in imports.<\/strong><\/em><\/span><\/p>\n

In return, China has agreed to buy $40 billion to $50 billion in U.S. agricultural products, according to a New York Times report. It also agreed to some provisions on intellectual property that would give U.S. financial service companies greater access to the Chinese market, and agreed to guidelines on how it manages its currency.<\/p>\n

Trump said the two sides reached a verbal agreement that would take several weeks to write out, but that the two sides could sign something formal next month, according the report. Treasury Secretary Steven Mnuchin said the parties have \u201ca fundamental agreement on the key issues,\u201d but there remains significant work to do.<\/p>\n

Here are the major wood product categories that were supposed to get hit in October :<\/strong><\/p>\n