Industry News

U.S. Retreats on Chinese Tariff Threats, Stocks Soar

By August 14, 2019 No Comments

Some tariffs to be delayed until Dec. 15 on items including smartphones, laptop computers and toys

By Josh ZumbrunVivian Salama and Alex Leary

WASHINGTON—The Trump administration abruptly suspended plans to impose new tariffs on about $156 billion in goods from China, saying the move was driven by concerns about the impact an escalating trade fight would have on businesses and consumers ahead of the holiday shopping season.

 

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