‘We are doing this for the Christmas season,’ Trump said as he announced a delay on his latest import taxes
President Trump has repeated the same mantra for months: The Chinese are paying the full price of his tariffs. It’s a line that the overwhelming majority of economists and business owners say is false, but Trump kept saying it — until Aug. 13.
The White House announced Tuesday that the president’s latest tariffs on China would be delayed on many popular items like cellphones, laptops and strollers. The 10 percent tax would not go into effect until Dec. 15, effectively ensuring retailers can import goods for the holidays before the tariffs take effect.
Trump himself told reporters the delay is to ensure consumers don’t face higher costs this Christmas. Here are his full remarks:
View the complete August 13 article by Heather Long on The Washington Post website here.