U.S. to delay China tariffs on some products, including laptops, cellphones; markets surge [Toronto Globe and Mail (Ontario, Canada)]
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U.S. to delay China tariffs on some products, including laptops, cellphones; markets surge The Trump administration on Tuesday delayed imposing a 1 per cent import tariff on laptops, cellphones, video game consoles and some other products made in China that had been scheduled to start next month, in an abrupt pullback 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. Story continues below advertisement The decision came less than two weeks after President Donald Trump said on Aug. 1 he would impose a 1 per cent tariff on $3-billion of Chinese goods, blaming China f
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