US Delays New Tariffs on Some Chinese Exports
Wednesday, 14 August 2019 11:36 WIB | GLOBAL |Global

The United States is delaying a new 10% tariff on some key Chinese imports which was supposed to take effect Sept. 1.

The Office of the U.S. Trade Representative said the levies on laptop computers and computer monitors, cellphones, video game consoles, some toys, shoes and clothing will be put off until Dec. 15. The postponement could help U.S. consumers, who often buy such items as Christmas presents.

"What we've done is, we've delayed it so they won™t be relevant in the Christmas shopping season just in case they might have an impact on people," President Donald Trump said Tuesday.

The U.S is also exempting tariffs altogether on a separate group of Chinese imports "based on health, safety, national security and other factors."

But the new tariff will still be imposed on a wide range of other Chinese goods, the U.S. trade office said, with the list of affected products to be announced soon.

After days of losses, U.S. stock indexes surged on news of the tariff rollbacks. Markets in New York jumped 1.5% or more.

Trump contended Tuesday that tariffs he has already imposed on hundreds of billions of dollars of Chinese goods are benefiting the U.S. Treasury. He said the tariffs are not hurting U.S. consumers or farmers whose produce China has stopped buying.

Over a two-year period, Trump has sent or promised to pay U.S. farmers more than $26 billion in government aid to compensate them for losses they have sustained since China stopped buying American grains and other products.

Despite Trump's claim, it is U.S. importers who pay tariffs, not exporters like China, and the American corporations often include the cost of the levies in the price of the goods they sell to other businesses and consumers.

Source : VOA

RELATED NEWS

US Military 'Impressed' by Cooperation with Turkey in Syria; Erdogan Issues Warning
Friday, 20 September 2019 16:57 WIB

Senior U.S. military officers claim "impressive" progress in cooperation with NATO ally Turkey in northeast Syria. But Turkish President Recep Tayyip Erdogan is warning of unilateral action against Washington's critical Syrian ally if Turkish security demands aren't met by the end of the month. "I ...

Pompeo: 'Important Information' for Trump After Mideast Talks on Saudi Oil Field Attacks
Friday, 20 September 2019 10:16 WIB

U.S. Secretary of State Mike Pompeo said Thursday he has "important information" for President Donald Trump about how to respond to the recent attack on Saudi Arabia's oil facilities after meeting with leaders in Saudi Arabia and the United Arab Emirates. The top U.S. diplomat said there was "enorm...

Trump Administration to Act Against San Francisco Over Homeless
Thursday, 19 September 2019 23:38 WIB

U.S. President Donald Trump says his administration plans to cite the city of San Francisco for violations of environmental regulations in connection with its homeless population. Speaking to reporters on Air Force One late Wednesday, Trump said waste in the city™s storm sewers was causing what h...

2 US Senators Warn Trump Against Nuclear Deal With Saudis
Thursday, 19 September 2019 16:41 WIB

Two U.S. senators are warning the Trump administration against a nuclear cooperation deal with Saudi Arabia, fearing it could set off a nuclear arms race in the volatile Middle East. "Sharing nuclear technology with Saudi Arabia, especially without adequate safeguards, will give Riyadh the tools it...

US Lawmakers Pledge Support for Hong Kong Pro-Democracy Activists
Thursday, 19 September 2019 10:30 WIB

U.S. lawmakers will move next week to begin passing legislation combating human rights abuses in Hong Kong, an action intended to send long-term support to democracy activists there. If passed, the bill would allow President Donald Trump to use the Magnitsky Act to sanction Hong Kong and Chinese au...

POPULAR NEWS
Saturday, 21 September 2019 03:33
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:27
Wall Street Falls as Trade Optimism Fizzles
Friday, 20 September 2019 03:36
Hong Kong Stocks End With Fresh Losses
ANOTHER NEWS
Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:33 WIB Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.