President Trump delays tariffs on consumer electronics imported from China
US will reportedly delay proposed tariffs on consumer electronics imported from China, the Trump administration said today, giving a reprieve to gadget makers that are hoping to wait out a trade war between the two countries.
The Office of the United States Trade Representative said in a statement that it was moving forward with plans to impose a 10 percent tariff on $300 billion in Chinese goods.
President Trump said in August that, after negotiations with China had stalled, the tariffs were set to be imposed on September 1st, a timeline that the trade representative said was still in place. The administration has already levied a 25 percent tariff on a smaller subset of Chinese imports.
The administration said some products will be removed from the new list of tariffs based on health, safety, national security and other factors.
The statement also said the administration will halt tariffs until December 15th for certain other goods. Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing, the statement read.
The administration published a list of goods that will be affected by the changes starting September 1st and December 15th.