Momentum ETFs & Stocks In Focus As Trump Delays Tariff Hike
Zacks Investment Research | Sep 11, 2019 10:50PM ET
President Donald Trump delayed the next planned tariff increase of 5% on $250 billion of Chinese goods by two weeks from Oct 1 to Oct 15 as “a gesture of goodwill”. The tariff delay request was made by the Vice Premier of China, Liu He, on account of the 70th anniversary of the People’s Republic of China on Oct 1.
The move came following China's decision to exempt some U.S. goods from its tariffs, scheduled to take effect from Sep 17. Beijing revelead its first batch of tariff exemptions for 16 types of U.S. products, including some anti-cancer drugs and lubricants, as well as animal feed ingredients including whey and fish meal, according to a Ministry of Finance statement on its website (read: Zacks Investment Research
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