U.S. Retreats on Chinese Tariff Threats, Stocks Soar
The U.S. will delay some tariffs against China on items such as cellphones, laptops and toys until Dec. 15, softening the blow of levies that were scheduled to take effect Sept. 1 on $300 billion of imports.
Vivian Salama
69d ago
U.S. importers complained they had already locked in purchases for seasonal goods from China and would have to swallow the cost of tariffs or pass them on to customers. officials assert that the reprieve isn’t an olive branch toward Beijing.
13
