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Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump

U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% t...

14.8.2019

Trump delayed a 10% import tariff on laptops, cell phones, video game consoles and a wide range of other products made in China. Here's StephenNellis on why the news boosted Apple shares. Read more: $AAPL

U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% t...

Live animals, dairy products, skis, golf balls, contact lenses, lithium ion batteries and snowblowers will also get tariffs on Sept. 1

FILE PHOTO: U.S. President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque/File Photo

Still, the Retail Industry Leaders Association said “removing some products from the list and delaying additional 10% tariffs on other products, such as toys, consumer electronics, apparel and footwear, until Dec. 15 is welcome news as it will mitigate some pain for consumers through the holiday season.”

A separate group of products will be removed from the tariff list altogether, the USTR said, “based on health, safety, national security and other factors.” It did not immediately identify these items.

The tariff delay, combined with renewed talks with China, suggest Trump may be willing to compromise.

Trump’s tariff delay comes amid growing concerns about a global economic slowdown. Goldman Sachs said on Sunday fears of the U.S.-China trade war leading to a recession were increasing and Goldman no longer expects a trade deal between the two countries before the 2020 U.S. presidential election.

Reporting by David Shepardson, David Lawder, Makini Brice and Susan Heavey in Washington; additional reporting by Jeff Mason in Morristown, New Jersey; Writing by David Lawder; editing by Tim Ahmann, Marguerita Choy and Cynthia Osterman

Read more: Reuters Top News
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StephenNellis Serious question: Do other members of the Trump family know what he is going to say on China and other financial topics before he says it? What Trump says moves markets. NYAG should investigate, just to keep people honest. StephenNellis When you charge $800 per unit Apple, why is it so hard to imagine opening assembly facilities on US shores? And maybe recycled plastic parts tooled & printed here? You could meet your US sales needs right from these shores.

StephenNellis the wise range of other products must include Ivanka Trump’s last import shipment for the year. StephenNellis This is excellent. I’d rather have an American brand succeed than a foreign brand. StephenNellis Trump is a con man. He just bluffs and the world knows it. StephenNellis When would something akin to this be considered a form of market manipulation? How many times does the market bounce around on specific tweet announcements purely judged by that comment? When does timing of tweet correlate between announcing news and a form of trade manipulation?

StephenNellis Trump Wins Tariff Oscar *The Gold Milk?* award goes to President Trump for his unprecedented performance as a celebrity manipulating global tariffs. The award was named in honor of one of the hardest hit groups from the ill-considered tariff wars, the U.S. dairy farmers.

Donald Trump gets sick of everyone, except for Donald TrumpAnthony Scaramucci seems to have finally learned a very important lesson about President Trump: If you stick around long enough, he will turn on you | Analysis by CillizzaCNN CillizzaCNN He's been saying that for like 2 years... CillizzaCNN ETTD CillizzaCNN CNN doesn't seem to have learned a lesson: Scaramucci is as much of a con man as Trump.

Big E Speaks Out Against Donald Trump In Spite Of WWE's Pro-Trump AgendaWWE Superstar Big E didn't hold back when asked if The New Day would accept an invitation to go to the Whitehouse as he wasted no time criticizing the Trump administration. Wait what... WWEs are invited where now? Is that scripted too? I think this is well done by Bobby Leshley. Take no more racial shit neither from Trump(ed) or his Trumper Zombies. Simple. Who

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Big E Speaks Out Against Donald Trump In Spite Of WWE's Pro-Trump AgendaWWE Superstar Big E didn't hold back when asked if The New Day would accept an invitation to go to the Whitehouse as he wasted no time criticizing the Trump administration. Really bad actors on WWE are even less reliable than the bad actors in Hollywood who want us all to find their hate filled words about Trump to be relevant. Pretenders Well played Big E 👏🏿👏🏿👏🏿👏🏿👏🏿

How Donald Trump is fueling a Jeffrey Epstein conspiracy theoryOn Tuesday afternoon, President Donald Trump was asked whether he really believed -- per a tweet he retweeted on Sunday -- that the Clintons were somehow behind the death of billionaire financier and accused sexual predator Jeffrey Epstein. CillizzaCNN How's Fredo? 😂 CillizzaCNN And how stands up for jeffery by not addressing the child sex trafficking ring he is involved in with the government. WakeUpAmerica CillizzaCNN Donald Trump And 8 Million other Ppl

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Donald Trump is selling Chris Cuomo 'Fredo Unhinged' shirts on his official website'Help us annoy Chris Cuomo and buy your 'Fredo Unhinged Tee' now!' the copy on the site reads. The shirt sells for $34.00 and purchases count as a contribution to the Trump 2020 campaign. This would be a better t-shirt When is he getting impeached and jailed? Sick of all of this. So presidential.

Bayer gets help from Donald Trump as US regulators veto warnings its Roundup weedkiller causes cancerThe German pharmaceuticals giant faces thousands of Roundup lawsuits and has already lost three high-profile cases. lekh27 Good Whaaat? Boo

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