Amid pressure from US businesses and concerns about effects of trade war’s on the economy, the Trump administration has decided to shorten the list of items on which it plans to levy additional 10 percent tariffs. USTR will soon publish in the newly amended list of tariff lines in the Federal Register. For the Chinese products that aren’t removed from the list altogether, the tariffs would be delayed from the proposed September 1 date to December 15, 2019. Products in this group include cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.
According to USTR, tariffs on some products will still go into effect on September 1 as planned. While news of the tariff delay may be somewhat welcome, the Retail Industry Leaders Association (RILA) have urged the US administration to use this time to reach a trade resolution with China before the Dec. 15 deadline hits and new taxes hit everyday consumer products and family budgets.
