Chinese Jewelry Will Still Be Tariffed in 3 Weeks

Chinese Jewelry Will Still Be Tariffed in 3 Weeks

But under pressure from retailers and other businesses, President Donald Trump's trade office said it would delay until December 15 the 10% tariffs on some Chinese imports, including such popular consumer goods as cellphones, laptops, video game consoles, some toys, computer monitors, shoes and clothing.

In addition to the tariff delay on some items, the USTR says other products will be completely exempt "based on health, safety, national security and other factors". However, other items like clothing and food will still be affected by the 10% tariff starting on September 1, 2019. Cell phones, laptop and tablet computers, toys and video game controllers were among the top four product categories in the proposed $300 billion list of products targeted by the latest 10% tariff.

A 4.8 per cent jump in Apple shares and a rise in chip stocks pushed the technology sector, traditionally among the most sensitive to trade issues, 2.33 per cent higher. Originally scheduled to take effect on September 1, the additional duty on some of those goods will be suspended until December 15.


The Trump administration announced a delay in planned new tariffs on Chinese goods Tuesday, pushing back imposition of the additional taxes in order to give us businesses more time to stock up for back-to-school and holiday shopping seasons, according to The New York Times.

"Continued uncertainty for US businesses and consumers is a drag on the economy", he said. Goldman Sachs said on Sunday fears of the U.S.

Investors welcomed news of the tariff delay.


The USTR's announcement was released minutes after China's Ministry of Commerce said Vice Premier Liu He had conducted a phone call with US trade officials.

And make no mistake, an escalating conflict would badly damage the economy, even if Trump occasionally tweets his view that his tariff policy is somehow boosting growth. It's possible China has made a decision to bear the pain of Trump's trade war for the next 15 months and hope Trump loses the 2020 election.

Tariffs on electronics will get a short reprieve according to the United States Trade Representative.


The U.S. Trade Representative's Office will publish additional details and lists of the specific product types impacted by the announcement. Companies including VF Corp., Shoe Carnival Inc. and Wolverine World Wide Inc. rallied against a tax that they said could hurt businesses, families and the overall USA economy.

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