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

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: 4, Insightful) by Spamalope on Monday August 19 2019, @02:11PM

    by Spamalope (5233) on Monday August 19 2019, @02:11PM (#882123) Homepage

    He just discovered that tarriffs are a tax on imports. He's a visionary genius.
    Given a few more years he may figure out that the alleged intent is to make goods produced elsewhere (possibly even domestically) cheaper in comparison. Variously that's said to be for domestic protectionist reasons or to apply political pressure.

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