welcome back. the trump administration has announced it will hold off on implementing an increase on tariffs on some chinese goods. president trump announced the move yesterday with delays raising tariffs from 25 to 30% effective next month. in a tweet trump says the gesture of goodwill came at the request of china's vice premiere, citing the fact that the country will be celebrating the 70th anniversary of the establishment of the people's republic of china. according to the "washington post," trump's decision came after beijing made a goodwill gesture of its own, announcing it would exempt 16 american-made products from tariffs ahead of scheduled talks between both countries. the post says the move which china says was aimed at easing the trade war's impact on u.s. companies does not offer relief from tariffs on the big ticket agricultural products that are causing the most pain for americans. such as soybeans and corn.

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