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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: 0) by Anonymous Coward on Tuesday August 20 2019, @10:38AM (1 child)

    by Anonymous Coward on Tuesday August 20 2019, @10:38AM (#882552)

    The US got to its predicament by exporting not only jobs, but the factories that produced the goods starting in the 1980s. It's been nearly 40 years since the start of it and the workforce that originally produced the goods locally is starting to die off. Textiles went to Mexico first, then China. If that could come back from China to Mexico, then cotton exports could have less distance to travel. Automation is the only way to bring it back to the US profitably. Ideally, the plants could be located near the fields that grow the product.

  • (Score: 1) by khallow on Tuesday August 20 2019, @02:46PM

    by khallow (3766) Subscriber Badge on Tuesday August 20 2019, @02:46PM (#882600) Journal

    Automation is the only way to bring it back to the US profitably.

    Why hasn't that happened already?