UPDATE 3-U.S. to delay China tariffs on some products, including laptops, cell phones [Reuters]
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Source: Reuters
U.S. to delay China tariffs on some products, including laptops, cell phones - Reuters 3 Min Read WASHINGTON (Reuters) - The Trump administration on Tuesday delayed imposing a 10% import tariff on laptops, cell phones, video game consoles and some other products made in China that had been scheduled to start next month, in an abrupt pull-back from a hardline stance on Chinese trade. The U.S. Trade Representative’s Office action was published just minutes after China’s Ministry of Commerce said Vice Premier Liu He conducted a phone call with U.S. trade officials. The delay provides some relief to retailers. Although most retailers would have had their holiday merchandise in stores even before the earlier September deadline, some might have faced the tariffs for fill-in orders late in the holiday shopping season. The decision came less than two weeks after President Donald Trump said on Aug. 1 he would impose a 10% tariff on $300 billion of Chinese goods, blaming China for not following
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