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Trump has postponed the introduction of import duties on Chinese goods until the Christmas holidays

16.08.2019 0 Comments

Trump has postponed the introduction of import duties on Chinese goods until the Christmas holidays

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The US Presidential Administration decided to postpone until December 15 the introduction of new duties on consumer electronics imported from China, thereby giving gadget manufacturers a delay. In a statement, Donald Trump said he was doing this for the Christmas season to avoid negative impact on American buyers.

In early August, the US Trade Representation announced plans to introduce 10 percent duties on goods from China with a total value of $ 300 billion. Trump noted that after negotiations with China have reached an impasse, duties should be introduced from September 1. Nevertheless, the presidential administration decided that “certain products” could be removed from the list on the basis of factors related to health, safety and national security. These products include smartphones, laptops, game consoles, monitors, some toys, shoes and clothes. A full list of products that are deferred is published on the website of the US Trade Representation.

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This will give some relief to electronics manufacturers. In particular, Apple previously stated that the increase in fees will affect the cost of its smartphones and other products and asked for an exception for components for the Mac Pro. Trump, in turn, said that consumers will calmly tolerate an increase in the cost of the iPhone by 10%.

Source: The Verge

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