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Aug 13 - Trump says he delayed tariffs because of concerns over Christmas shopping season


 
 


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 6 days ago '17        #1
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Ifeellikekobe 114 heat pts114
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Aug 13 - Trump says he delayed tariffs because of concerns over Christmas shopping season
 

 
-President Trump says he is delaying some tariffs on Chinese imports ahead of
the Christmas season.

-“We’re doing this for the Christmas season,” Trump says, “just in case some of the
tariffs would have an impact on U.S. customers.”

-The Trump administration announced hours earlier that it would delay until Dec.
15 some of the tariffs that were originally scheduled to come into effect Sept. 1.

President Donald Trump on Tuesday said he is delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping.

The Trump administration announced hours earlier that it would delay until Dec. 15 some of the tariffs that were originally scheduled to come into effect Sept. 1.

“We’re doing this for the Christmas season,” Trump told reporters on an airport tarmac around noon Tuesday. “Just in case some of the tariffs would have an impact on U.S. customers.”

“But so far they’ve had virtually none,” the president added. “But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.”

The acknowledgement that tariffs could harm holiday sales marks a shift for Trump, a self-described “tariff man” who has long claimed that the taxes on imports help the U.S. while applying pressure on China.

The U.S. trade representative said the delay would apply to a wide variety of goods, including certain electronics such as cellphones, laptops and video games.

A slew of Christmas-related products also appeared on the delay list. They include decorations for “Christmas festivities, nativity scenes and figures thereof,” Christmas tree lights and ornaments.

No other items for specific holidays appear to be included in the delay list.

image

Trump had announced in early August that he would slap 10% tariffs on the remaining $300 billion worth of Chinese goods that had so far avoided import duties. The White House has already imposed tariffs on $250 billion worth of imports from China.






China had already put retaliatory tariffs on $110 billion worth of U.S. imports; it responded to the most recent tariff threat by canceling all purchases of U.S. agriculture products.

The White House’s move to back off on the hard and fast date for the new tariffs came as a sigh of relief for markets, which have been increasingly on edge amid the intensifying trade war between Beijing and Washington. Major indexes, which had been trading in the red before the market open, shot up on the news.

Rising shares of tech companies, tech distributors and other retailers carried the market higher. Apple shares jumped nearly 5% higher on the news and Best Buy soared more than 8%. Chip stocks also moved out of correction territory with the semiconductor ETF down 8% from its July high.

Trump has long given full-throated support to tariffs. He regularly claims that China, not the U.S., bears the burden of the duties, and says that the U.S. is taking in “billions” from China.

Most economists are quick to point out that U.S. importers are the ones who directly pay the taxes, though tariffs can hurt China by making its goods more expensive for Americans to buy.

Trump’s comments Tuesday came just before traveling from his New Jersey golf resort to the Shell Pennsylvania Petrochemicals Complex, where he will deliver remarks about U.S. energy and manufacturing.


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Last edited by Ifeellikekobe; 08-13-2019 at 11:51 AM..
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24 comments
 

 6 days ago '09        #2
ShadyVsEminem 252 heat pts252
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So tariffs only hurt consumers over Christmas?, he is a bi*ch this is admitting something he denied all along that Americans suffer as much if not more than China on stuff they import from China and Chinas retaliatory tactics hurt too. Commie Trump has already had to start giving out handouts to farmers because of it, he will turn into Vladimir Lenin before its all said and done with all the free stuff he has to dish out to cover his mistakes, he turned farmers into moochers and still gloats his trade war is working


Last edited by ShadyVsEminem; 08-13-2019 at 11:58 AM..
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 6 days ago '18        #3
Lord God 89 heat pts89
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Them trump stockings looking like Ls over the fireplace.

I would say you'd get coal for Christmas, but business ain't boomin.

Don't ask me how
+22   

 6 days ago '17        #4
Ifeellikekobe 114 heat pts114 OP
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 ShadyVsEminem said
So tariffs only hurt consumers over Christmas?, he is a bi*ch this is admitting something he denied all along that Americans suffer as much if not more than China on stuff they import from China and Chinas retaliatory tactics hurt too. Trump has had to start giving out handouts to farmers because of it he will turn into Vladimir Lenin before its all said and done with all the free stuff he has to dish out to cover his mistakes
I called it a few weeks ago that someone is gonna tell him to cancel the tariffs so it doesn't fu*k up the holiday season. Trump's an idiot
+15   

 6 days ago '05        #5
Fauby 26 heat pts26
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So this is him finally admitting that tariffs hurt the American public and not the country that they placed tariffs on.
+18   

 6 days ago '04        #6
x Tha Arkitek x 100 heat pts100
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This guy And I suppose come 2020 those affects won't matter to him...keep it up Trump. I need to to make an exit come next November.
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 5 days ago '07        #7
iswerve 208 heat pts208
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thats what happens when you make short sighted, erratic proposals without full review just to score points with the 'base'
+8   

 5 days ago '09        #8
ShadyVsEminem 252 heat pts252
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 Ifeellikekobe said
I called it a few weeks ago that someone is gonna tell him to cancel the tariffs so it doesn't fu*k up the holiday season. Trump's an idiot
So he is the Grinch willing to steal everything bar Christmas
+2   

 5 days ago '06        #9
Skateboard T 57 heat pts57
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Trump with yet another L
+10   

 5 days ago '17        #10
lucifershammer 21 heat pts21
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Who winning this trade war?
+1   

 5 days ago '16        #11
Aztlan 141 heat pts141
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 lucifershammer said
Who winning this trade war?
China will wait Trump out.

But i don't see how we get back the Chinese markets that have gone to other countries without making serious concessions. We're all witnessing the strong-arm tactics fail in real-time.
+11   

 5 days ago '09        #12
ShadyVsEminem 252 heat pts252
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Can someone dig Fred Trump up for when this all goes t*ts up? Even Trumps tariffs get deferments for bone spurs


Last edited by ShadyVsEminem; 08-13-2019 at 05:53 PM..
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 5 days ago '18        #13
Dnyce215 
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Another 52 fake out from 45.

+7   

 5 days ago '17        #14
lucifershammer 21 heat pts21
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 Aztlan said
China will wait Trump out.

But i don't see how we get back the Chinese markets that have gone to other countries without making serious concessions. We're all witnessing the strong-arm tactics fail in real-time.
That Hong Kong problem looks real malignant. They going to devote nearly 100% of the time solving that problem before they deal with trade

They could wait it out or they can throw Trump a few bones to get some weight off the shoulder

 5 days ago '09        #15
messy marv stan 5473 heat pts5473
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 Skateboard T said
Trump with yet another L

the george bush 41 and 43 administrations were not even remotely anywhere near this much of an embarrassment
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 5 days ago '15        #16
naledgestate 
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He folded like clean clothes. All this time he's been saying that tariffs dont hurt the American consumer and now he blinks. bi*ch move.

He knows that the economy is the only thing he has going for him.

A lot Trump f*g**ts looking silly right now.
+6   

 5 days ago '15        #17
PineappleOG 51 heat pts51
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Trolls must still be waiting for the spin, what you think @ ?
+6   

 5 days ago '07        #18
240ka 62 heat pts62
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 Lord God said
Them trump stockings looking like Ls over the fireplace.

I would say you'd get coal for Christmas, but business ain't boomin.

Don't ask me how
You ain't sh*t



+5   

 5 days ago '10        #19
Bandito 275 heat pts275
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 Ifeellikekobe said
I called it a few weeks ago that someone is gonna tell him to cancel the tariffs so it doesn't fu*k up the holiday season. Trump's an idiot

trump must be on Boxden

Aug 1 - New 10% Tariffs For China Announced; Will Cost Americans At Christmas Time


 Bandito said


Those new taxes are going to hit all the goods hitting American ports for the Christmas shopping season. Toys, sneakers and iPhones.

Doubling down on stupid.
+7   

 5 days ago '16        #20
Aztlan 141 heat pts141
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 lucifershammer said
That Hong Kong problem looks real malignant. They going to devote nearly 100% of the time solving that problem before they deal with trade

They could wait it out or they can throw Trump a few bones to get some weight off the shoulder
They are gonna wait it out.

The Hong Kong sh*t won't become an unmanageable problem, just like Tibet, Taiwan and the Uyghur camps aren't. China is different like that.

They could close a deal today with Trump and that doesn't solve the Hong Kong issue, but locks them into a trade deal they clearly don't want. I don't see at all how that would help.

 5 days ago '06        #21
servesurite 48 heat pts48
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I thought the tariffs were to hurt china?

+3   

 5 days ago '16        #22
foshoVoodoo 290 heat pts290
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extension for santa a*s maga
+1   

 5 days ago '17        #23
AllWins 16 heat pts16
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They’re working on it

 5 days ago '08        #24
flav 2 heat pts
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 PineappleOG said
Trolls must still be waiting for the spin, what you think @ ?
When you wait long enough, the truth finally comes out. Anyone thinking that the tariffs wouldn't hurt consumers is naive

we get our parts and most of our electronic devices from China. China has a work ethic that is almost beating Americans to the punch. They may not have as much R&D (for now), but they don't play when it comes to reverse engineering.

Most companies have been gaining profit and taken advantage of the fact that China produces at a lower price point. Hell, a lot of iPhone parts are made in China

I even mentioned this:



Its good to have a more robust internal economy, but it will come at a price
+2   

 5 days ago '12        #25
OldBusiness 183 heat pts183
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Big orange bi*ch caves once again

Got damn hes softer than baby sh*t
+3   





 


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