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Trump delays hike on tariffs in ‘good will’ gesture to China

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In what he called "a gesture of good will," President Donald Trump delayed a hike on tariffs for $250 billion worth of Chinese goods by two weeks.

He cited a request from Liu He, the vice premier of China, for a celebration of the People's Republic of China's 70th anniversary.

The tariffs are slated to expand to 30% from 25%.

Read more from CNBC.

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