President Donald Trump has deliver Christmas . For now , anyway .
The Trump regime announced it ’s shelve the implementation of a 10 - percent duty on approximately $ 300 billion of imports from China , include smartphones , laptops , computer monitors , video game consoles , and a host of other products .
“ Certain products are being removed from the duty list based on wellness , refuge , interior security and other factors and will not face additional tariff of 10 per centum , ” United States Trade Representative ( USTR ) herald Tuesday in a military press release on itswebsite .
White supremacist Santa Claus, Donald Trump, at the White House on August 9, 2019Photo: (Getty Images)
Last month , President Trump announced these tariff would be imposed in September on good that had escaped the duty already enforce in May . The 10 - percentage tariffs are now scheduled to take essence December 15 , if they get implemented at all . That means whatever negative impact the duty might have on U.S. consumer likely wo n’t fully show up until after the holidays , as many of the Cartesian product the great unwashed will buy during that pre - Christmas flow will have already been imported into the U.S. and thus stave off any potential new tariffs .
CNBC commentator Jim Cramer speculated on air today that the only rationality President Trump is delaying the tariffs is because he wants the marketplace to come up .
“ I take for Apple to be excluded . I guess my wish is their command , ” Cramer said , laughing with his cohost .
“ You roll in the hay what this is ? I remember this is the president saying , ‘ You know , I do n’t want the stock marketplace down anymore and this is traumatic , ’ ” Cramer say , refer to the trauma of investor . Wo n’t someone think of the investors ?
A full list of the products move was not immediately available , but the USTR claimed in a program line that it would send the leaning to the Federal Register “ as soon as potential ” along with extra particular . CNBCis reporting that the 10 percent tariff may indeed jack up Price on some products on September 1 , but not on the consumer electronics that the USTR said were good .
Chinese Vice Premier Liu He , who has help lead the barter negotiations with the U.S. , reportedly had a call with the U.S. Commerce Departmenttoday , though it ’s not directly clear what was discussed .
The Dow spring 500 points on the news and Apple , which was particularly concerned about the likely wallop on smartphone and laptop sale , rose over 9 percentage .
ChinaDonald Trumppresident trumptrade war
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