Trump delays some tariffs fearing consumer impact
China-US
•
2m 18s
Earlier this month, Trump announced he would place an additional 10 percent tariff on $300 billion worth of Chinese imports- essentially all remaining non-tariffed goods from China.
Those tariffs were slated to go into effect Sept. 1, but now Trump is postponing until Dec. 15 tariffs on items including: Cell phones, laptops, video game consoles, some toys, computer monitors as well as some shoes and clothing.
Up Next in China-US
-
Trump announces new tariffs
One day after announcing new 10% tariffs on Chinese imports President Donald Trump says he could increase them even more. At the same time, Beijing is promising “necessary countermeasures” if any new duties go into effect.
Stock markets in France and Germany fell more than three percent. In the ... -
China currency depreciation opens up ...
The trade battle between the U.S. and China appears poised to escalate even further.
China’s currency dropped to a historic low on Monday – prompting U.S. accusations the move was aimed at undercutting its most important trade partner.
CGTN’s Owen Fairclough reports.
-
California wine growers feel tariff pain
The Trade War between the U.S. and China lingers on. And in the meantime, many industries are feeling the heat, including wine.
California accounts for 97% of the U.S.’s wine, leading many growers there to put expansion plans in China on hold.
