The Office of the U.S. Trade Representative announced Tuesday that a 10 percent tariff floated by the president on Twitter earlier this month and scheduled for Sept. 1 for nearly $300 billion in goods imported from China will be delayed for certain products until Dec. 15.
Among the articles that will have a chance to breathe are cell phones, laptop computers, computer monitors, video game consoles, certain toys, and certain items of footwear and clothing. Those all could fall under the description of "holiday gifts," which has analysts making the case that the White House is waiting for the winter rush to pass before really diving into protectionism. Other goods will be subject to the tariff on Sept. 1, as planned.
BREAKING: US Trade Rep. announces that some of the 10% tariffs will be delayed until December 15.
Cell phones, laptops, video games, certain toys, and certain shoes/clothes won't be hit until Dec. 15 (aka after the big holiday rush to ship products from China)#tradepic.twitter.com/MaTSIUXa1n
The announcement has also drawn some eye rolls since it appears to contradict President Trump's message that China, not U.S. companies and, subsequently, consumers would be footing the bill for the tariffs.
But here's what I don't understand: why delay tariffs on all of these Holiday Season products if China is paying them?