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Trump says he delayed tariffs because of concerns over Christmas shopping season


Added 08-13-19 12:02:07pm EST - “President Donald Trump on Tuesday said that he was delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping.” - Cnbc.com

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Posted By TheNewsCommenter: From Cnbc.com: “Trump says he delayed tariffs because of concerns over Christmas shopping season”. Below is an excerpt from the article.

Stocks surged higher in a sudden move after the U.S. said it was delaying China tariffs until December 15 on some items.

The yield on the 10-year Treasury note threatens to break below that of the 2-year while the 30-year bond rate neared an all-time low.

The products with delayed tariffs include cellphones, laptop computers and "certain items of footwear and clothing," the USTR says.

Some influential voices on Wall Street are saying that Trump blinked in the latest exchange with China.

Chinese propaganda outlets warned on Tuesday that protesters in Hong Kong are "asking for self-destruction," as they released a video showing military vehicles amassing near...

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