President Trump, in a pair of tweets yesterday, announced he plans to delay the imposition of an additional 5% duty on $250 billion worth of Chinese goods until October 15. Before this announcement, duties on the $250 billion worth of goods were set to increase from 25% to 30% on October 1, 2019.
President Trump recently announced his intention to impose an additional 15% duty on $300 billion worth of Chinese goods in two parts. The first part, commonly referred to as List 4A, was tariffed at 15% on September 1. Absent a deal between the two nations, the second part, List 4B, will be hit on December 15.