China says it welcomes delay on US tariff increase

China said that it was aware of the United State Trade Representative's announcement to maintain tariffs at 10 per cent until further notice, and welcomed the step.
China said that it was aware of the United State Trade Representative's announcement to maintain tariffs at 10 per cent until further notice, and welcomed the step.PHOTO: AFP

SHANGHAI (REUTERS) - China said on Saturday (March 2) that it welcomed the release of language from the United State Trade Representative's office (USTR) delaying a scheduled hike in US tariffs on US$200 billion (S$271.04 billion) worth of Chinese goods.

In a statement posted on the website of the Ministry of Commerce, citing an unidentified official at China's State Council Tariff Commission, China said that it was aware of the USTR's announcement to maintain tariffs at 10 per cent until further notice, and welcomed the step.

The USTR released language to delay a scheduled hike in tariffs on Chinese goods from 10 per cent to 25 per cent on Friday, ahead of the publication of a notice next Tuesday.

President Donald Trump had announced the delay on Sunday as trade talks between the two sides had made progress.