As a “gesture of good will”, President Trump this week announced a two-week delay on the planned 5% increase in tariffs on $250 billion (Lists 1-3) of Chinese goods.

The tariffs on items included on Lists 1-3 were slated to increase from 25% to 30% on October 1st. The increase is now set for October 15th.

Trade negotiations between the U.S. and China resume next month.