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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: 0) by Anonymous Coward on Tuesday August 20 2019, @03:32AM

    by Anonymous Coward on Tuesday August 20 2019, @03:32AM (#882463)

    It is called the welfare-warfare state, and it is deservedly despised by anyone who knows what they are talking about not profiting greatly from it.