This just Donald Trump showing that his ‘deal’ making does NOT work …
It hasn’t worked with China…
It has worked with North Korea…
It has worked with Canada and Mexico….
Etc…..
The impending 10% tariffs on $300 billion worth of Chinese imports targeted by President Trump in the trade war will be delayed from Sept. 1 to Dec. 15 for certain products, the Office of the U.S. Trade Representative announced Tuesday. Certain products will also be taken off the list based on “health, safety, national security and other factors.”
Why it matters: The delay — for items like cellphones, laptops, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing — will help accommodate the holiday rush to ship products from China, easing the financial burden on U.S. importers. The Dow spiked 2% on the news, with the share price of companies like Apple, Best Buy, Dollar Tree, Hasbro and Gap leading the surge.