Capitol Report: Trump delays tariffs on Chinese-made laptops, iPhones and toys until after Christmas shopping season [MarketWatch]
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Source: MarketWatch
Trump delays tariffs on Chinese-made laptops, iPhones and toys until after Christmas shopping season The Trump administration said it will delay imposing import tariffs on popular electronic goods such as iPhones, Xboxes and laptops that are made in China on the same day the government reported the biggest increase ever in the price of computers. A 10% tariff was set to take effect on September on an additional $300 billion in Chinese imports that included many consumer products omitted from earlier round of U.S. duties. For the first time cell phones, computers and video-game consoles would have been subject to the tariffs. Now those tariffs will be delayed until Dec. 15, the Office of the U.S. Trade Representative said Tuesday . The U.S. is also exempting certain toys, clothing and footwear until shortly before Christmas. The White House had been under pressure from Silicon Valley to delay or rescind the tariffs, with companies saying they would have to raise prices before the holid
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