U.S. to Delay Some China Tariffs
Toys, laptops, phones delayed until mid-December
In an abrupt move, the president and his administration have given China, and in turn American consumers, a reprieve from massive tariffs that were ready to take effect on September 1. Tariffs on toys, laptops, cell phones, footwear and some other consumer goods have been put off until December 15.
An immediate effect was stocks shooting sharply higher as reviving trade talks seemed hopeful.
President Trump told reporters Tuesday afternoon that he postponed tariffs for the Christmas season “in case it had an impact on shopping” and the delay would “help a lot of people.”
- For President Trump, Trade Representative Robert Lighthizer and others as it appears trade negotiations will resume soon.
About the benefits that will accrue to Americans by holding off the tariff imposition.