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Trump Postpones China Tariffs Until December 15

posted by Fnord666 on Monday August 19 2019, @12:26PM   Printer-friendly
from the wouldn't-want-to-impact-Christmas dept.

An Anonymous Coward writes:

https://www.npr.org/2019/08/13/750770595/trump-administration-delays-some-china-tariffs

The Trump administration is postponing some of its new tariffs on Chinese imports — a significant retreat in the trade war that has rattled financial markets on both sides of the Pacific.

The Office of the U.S. Trade Representative announced on Tuesday that 10% tariffs on certain popular consumer items — including cellphones, laptop computers, video game consoles, computer monitors and some toys, shoes and clothing — will be postponed until Dec. 15.

'What we've done is we've delayed it, so they they[sic] won't be relevant to the Christmas shopping season,' President Trump told reporters.

I guess it really is easy to win a trade war: just saber-rattle but never actually do things.

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  • (Score: -1, Troll) by Anonymous Coward on Monday August 19 2019, @01:04PM (2 children)

    by Anonymous Coward on Monday August 19 2019, @01:04PM (#882093)

    Trump is some kind of media manipulating genius. In their TDS fever to blame him for anything that sounds bad, they have handed him a stock market manipulation tool like the world has never seen. All he has to do is tweet something positive or make token gestures like this to pump the stock market 1-2% at will now. For some reason this power has not been diminishing with each use like I expected either.

    Starting Score:    0  points
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  • (Score: 4, Insightful) by DeathMonkey on Monday August 19 2019, @05:59PM (1 child)

    by DeathMonkey (1380) on Monday August 19 2019, @05:59PM (#882239) Journal

    Boy, if slightly less Trump chaos can result in an improved economy just imagine what kicking him out of office would do!

    • (Score: 0) by Anonymous Coward on Monday August 19 2019, @07:02PM

      by Anonymous Coward on Monday August 19 2019, @07:02PM (#882271)

      What improved economy?