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Tue Aug 13, 2019, 10:37 AM

BLINK: USA DELAYS CHINA TARIFFS...

The United States Trade Representative office said Tuesday certain items were being removed from the new China tariff list because of “health, safety, national security and other factors” while tariffs on other items would be delayed until December 15.

The products in the group that will have tariffs delayed include “cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing,” the USTR said.


Last month, President Donald Trump announced a new round of tariffs of 10% on $300 billion of Chinese imports that eluded duties in the earlier round announced in May. The USTR published a list of products in May that may be subject to an addition 10% tariff and that list is now being edited to avoid health and security factors.

The new round of tariffs specifically took aim at retailers so the news of certain footwear and apparel tariffs being delayed has eased pressure on some of the major retailers that have suffered in recent weeks. Nike, Kohl’s, Nordstrom and other retailers were all trading higher.

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https://www.cnbc.com/2019/08/13/ustr-removes-some-items-from-list-of-new-china-tariffs-citing-health-safety-national-security.html

Markets like it. DjIA up over 400pt at time of this post.

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Reply BLINK: USA DELAYS CHINA TARIFFS... (Original post)
RCW2014 Tuesday OP
rampartb Tuesday #1
Duke Lacrosse Tuesday #4
Independent.mind Tuesday #2
uncledad Tuesday #3
Independent.mind Tuesday #5

Response to RCW2014 (Original post)

Tue Aug 13, 2019, 10:41 AM

1. tarriffs on, dow down 2%. tarriffs off, dow up 2%

anyone who knows what trump is going to tweet could be making real money.

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Response to rampartb (Reply #1)

Tue Aug 13, 2019, 01:54 PM

4. Indeed. But the safest investment strategy is to ignore everything Trump tweets.

Stay the course, I say.

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Response to RCW2014 (Original post)

Tue Aug 13, 2019, 12:56 PM

2. Interesting this isn't being reported of the fox news web site but it is on fox business

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Response to RCW2014 (Original post)

Tue Aug 13, 2019, 01:07 PM

3. Early end to trump's war on christmas shopping.

That small exercise in exchange rates had the WH bouncing off the four walls.

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Response to RCW2014 (Original post)

Tue Aug 13, 2019, 02:06 PM

5. And confirms he blinked in his own words:

“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.”

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