China says it welcomes delay on US tariff hike

  • The United State Trade Representative's office released language to delay a scheduled hike in tariffs on Chinese goods from 10 percent to 25 percent on Friday, ahead of the publication of a notice next Tuesday.
Trade talks in Washington involving Commerce Secretary Wilbur Ross (from right), U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, Director of the National Economic Council Larry Kudlow and other Trump administration officials sit down with Chinese Vice Premier Liu He (from left), Central Bank Governor Yi Gang (2nd left) and other Chinese vice ministers and senior officials on Jan. 30, 2019.
Chip Somodevilla | Getty Images News | Getty Images
Trade talks in Washington involving Commerce Secretary Wilbur Ross (from right), U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, Director of the National Economic Council Larry Kudlow and other Trump administration officials sit down with Chinese Vice Premier Liu He (from left), Central Bank Governor Yi Gang (2nd left) and other Chinese vice ministers and senior officials on Jan. 30, 2019.

China said on Saturday that it welcomed the release of language from the United State Trade Representative's office (USTR) delaying a scheduled hike in U.S. tariffs on $200 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 percent until further notice, and welcomed the step.

The USTR released language to delay a scheduled hike in tariffs on Chinese goods from 10 percent to 25 percent 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.