Trump’s tariff reprieve: Like ' Santa Claus stealing your bike and then giving it back to you as a holiday gift' [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Trump’s tariff reprieve: Like ‘Santa Claus stealing your bike and then giving it back to you as a holiday gift’ Briefing highlights What to make of the reprieve Analysts are speculating on the motives and calculating the potential impact of President Donald Trump’s decision to delay tariffs on certain Chinese goods. The 1-per-cent tariffs on US$3-billion of Chinese products had been scheduled to come into effect at the beginning of September. But the administration pushed about half the levies to Dec. 15. There now won’t be a runup in certain prices during the holiday shopping season. And we’re talking about key consumer products here, such as phones and laptop computers. Story continues below advertisement At the same time, some may see this as something of a truce in the U.S.-China trade war amid a reprieve on the levies and plans to resume negotiations. Mr. Trump said he did it “just in case some of the tariffs would have an impact on U.S. consumers” during the crucial holid
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