WASHINGTON (Reuters) – The Trump administration on Tuesday delayed imposing a 10% import tariff on laptops, cell phones, video game consoles and some other products made in China that had been scheduled to start next month, in an abrupt pull-back from a hardline stance on Chinese trade.
The U.S. Trade Representative’s Office action was published just minutes after China’s Ministry of Commerce said Vice Premier Liu He conducted a phone call with U.S. trade officials.
The delay provides some relief to retailers. Although most retailers would have had their holiday merchandise in stores even before the earlier September deadline, some might have faced the tariffs for fill-in orders late in the holiday shopping season.
The decision came less than two weeks after President Donald Trump said on Aug. 1 he would impose a 10% tariff on $300 billion of Chinese goods, blaming China for not following through on promises to buy more American agricultural products.
Said clown and his lawyers are masters of deception, misdirection and man made calamity. His ‘ongoing’ insane trade war tanks the market only for him to send out a signal to wall street that he’ll postpone his next tariff tax hike much to the joy of his greedy buddies. Fixers need not apply. Clustermuck is well underway by design.