WASHINGTON: U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10per cent tariffs on remaining Chinese imports, delaying ...
WASHINGTON: U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10per cent 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.
Liu agreed with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to speak again by phone within the next two weeks, the ministry said.APPLE SHINES Flat screen televisions from China, a category worth US$4.5 billion, also will face 10per cent tariffs on Sept. 1 after being spared from Trump's first round of tariffs more than a year ago.
Still, the Retail Industry Leaders Association said"removing some products from the list and delaying additional 10per cent tariffs on other products, such as toys, consumer electronics, apparel and footwear, until Dec. 15 is welcome news as it will mitigate some pain for consumers through the holiday season."
Trump announced the Sept. 1 tariffs less than two weeks ago, blaming China for not following through on promises to buy more American agricultural products during talks in Shanghai at the end of July. That move was met with a drop in China's yuan currency a few days later, prompting the Trump administration to declare Beijing a currency manipulator and sending markets tumbling for several days last week.
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