Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump

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Trump delays tariffs on Chinese cellphones,...
 © In-Cyprus 2020
U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.

The delay which, affects about half of the $300 billion target list of Chinese goods – along with news of renewed trade discussions between U.S. and Chinese officials – sent stocks sharply higher and drew cautious relief from retailers and technology groups.

Trump’s 10% tariffs will be effective from Dec. 15 for...


This article was automatically added to our system 14-8-2019

Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump


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Article Tags: trump, delays, tariffs, chinese, cellphones, laptops, markets,