Markets

Trump delays tariffs on Chinese imports, including cell phones and video games

2019-08-13 16:48:44 GMT (Economies.com)

US Trump's administration announced today that it will postpone imposing tariffs on some chinese imports, such as iPhones, Xbox consoles and Chinese made laptops.

 

While the 10 percent tariffs increase on $300 billion in Chinese imports was supposed to start from September 1st, Trump exempted several of them from tariffs until December 15th.

 

Devices such as cell phones, video games, and smart home appliances such as Amazon Eco would have been targeted with tariffs for the first time in the US, if it wasn't for this exemption.

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