RSS   Newsletter   Contact   Advertise with us
Post Online Media
Post Online Media Magazine

Trump delays some China tariffs until December

Share on Twitter Share on LinkedIn
Christian Fernsby ▼ | August 13, 2019
Some of the 10% tariffs U.S. President Donald Trump said would be imposed on $300 billion worth of Chinese goods will be delayed until Dec. 15, the U.S. Trade Representative announced Tuesday.
Donald Trump China
America   Donald Trump against China
The office did not specify why the delay was taking place other than citing its "public comment and hearing process." Items that will be affected include cell phones, laptops, video game consoles, certain toys, computer monitors, and some footwear and clothing items.

Topics: Donald Trump China sanctions tariffs

Other items, however, will continue to face the 10% tariff Trump vowed in early August. It is not clear how much of the original $300 billion worth of Chinese imports would continue to be affected.

Certain unspecified items are bring removed from the tariffs list altogether "based on health, safety, national security and other factors and will not face additional tariffs of 10 percent," the trade representative said.

The Dow jumped nearly 400 points in mid-morning trading following the announcement as the Nasdaq hiked nearly 200 points.

The ongoing trade war between the world's top two has sent shockwaves through global markets.

The tariffs that are set to go into effect next month and then in December are on top of some $250 billion worth of Chinese imports Trump already put a 25% rate on.

POST Online Media Contact