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WASHINGTON - Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. &Trump delays tariffs on some Chinese goods until December
WASHINGTON - Responding to pressure from businesses and growing fears that a trade war is threatening the U.S. economy, the Trump administration is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announcement Tuesday from the Office of the U.S. Trade Representative was greeted with relief on Wall Street and by retailers who have grown fearful that the new tariffs would wreck holiday sales. The administration says it still plans to proceed with 10% tariffs on about $300 billion in Chinese imports --- extending its import taxes to just about everything China ships to the United States in ...Keep on reading: Trump delays tariffs on some Chinese goods until December Read more