Donald Trump China

Throughout its trade war with China, the Trump administration has consistently struck the same message: They’re paying for the entirety of the tariffs, and not the United States.
But on Wednesday, Secretary of Commerce Wilbur Ross went on CNBC to explain the administration’s decision to delay a portion of the planned tariffs until December 15.
He cited a desire to protect shoppers from adverse effects during the holiday season, given the goods affected had included laptops, cellphones, toys and video game consoles among others.
It’s a tacit, yet remarkable admission that the ongoing trade war with China is threatening the pockets of American consumers.
President Donald Trump has also started to acknowledge the cost of the trade war on Americans.
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Throughout its trade war with China, the Trump administration has consistently struck the same message: They’re paying the entirety of the tariffs, and not the United States.

But early on Wednesday, Commerce Secretary Wilbur Ross went on CNBC to explain the administration’s decision to delay a portion of the planned tariffs until December 15, which would have affected the rest of Chinese imports into the United States.

He cited a desire to protect shoppers from any adverse effects during the holiday season, given the goods affected had included laptops, cellphones, toys and video game consoles among others.

“Nobody wants to take any chance at disrupting the Christmas season,” Ross said.

Read more: The Trump administration delays a portion of planned China tariffs until December

It’s a tacit, yet remarkable admission that the ongoing trade war with China is threatening the pockets of American consumers. Just over a year ago, Ross staunchly defended Trump’s massive tariffs as being “no big deal” on CNBC — and held up cans of soup, beer, and soda to …read more

Source:: Business Insider

      

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