Is Trump damaging his own economy? The manufacturing and agricultural industries say the knock on effect of price increases can be huge.
President Trump said the US would delay a tariff hike for two weeks, after China announced it would lift some trade restrictions. The mutual concessions may ease tensions ahead of high-level talks early next month.
The US president increased tensions with the hike as the stock markets went into a tailspin. Trump tweeted that he would be increasing tariffs by 5% on $300 billion of Chinese goods.
China's exports to the US were down year-on-year in August. The dive follows July's surprise growth and comes amid a high-pressure campaign by Washington to coerce Beijing into signing a new trade deal.
Although Washington postponed a new round of tariffs on Chinese exports, Beijing has targeted US cars, oil and food. President Donald Trump went on a Twitter tirade after the Chinese announcement.
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