Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

U.S. delays tariffs on some Chinese goods, drops others

 

August 14, 2019

Associated Press

In this Tuesday, May 14, 2019, photo, containers are piled up at a port in Qingdao in east China's Shandong province. China's imports from the United States plunged 31.4% in June from a year earlier amid a tariff war with Washington, while exports to the U.S. market sank 7.8%, Customs data showed Friday, July 12, 2019.

WASHINGTON - The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street.

The Office of the U.S. Trade Representative said Tuesday that it is still planning to go ahead with 10% tariffs on about $300 billion in Chinese imports, extending the import taxes on just about everything China ships to the United States in a dispute over Beijing's aggressive trade policies. Most of the levies are scheduled to kick in Sept. 1.

http://www.startribune.com/us-delays-tariffs-on-some-chinese-goods-drops-others/539691392/

 

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