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According to the Financial Times, a US trade official was quoted as saying that Trump's promise to increase customs duties on $ 200 billion worth of Chinese goods would not apply to goods already in transit.
- They will only hit goods leaving China from Friday.
Indeed, say the FT:
- Wednesday's clarifications by the Trump administration offer American and Chinese negotiators an additional two to four weeks to reach an agreement before most of the higher tariffs hit US consumers and businesses directly, according to the time of shipment.
More time for discussions! Impressive! (Will the wise man ever come to an end, the Brexit Trade Agreement first, the question remains)
ForexLive
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