The United States Trade Representative Office has delayed tariffs on specific items from the China tariff list, while removing certain items from the list altogether. The office cited “health, safety, national security and other factors” as the reason for the change.
Products that will have their tariffs delayed include cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing, according to an official statement.
In July, an announcement made by President Trump put tariffs worth 10 per cent into effect, on $300 billion of Chinese imports. The news of the new round of tariffs has eased pressure on some of the major retailers in footwear, such as Nike, Kohl’s, and Nordstrom, that have suffered in recent weeks.
While the USTR has specified which items will receive a delay in tariffs, they are yet to announce which items will be removed from the tariffs list entirely.
In a separate matter, China’s Vice Premier Liu had a phone call with U.S. Trade Representative Robert Lightizer and U.S. Treasury Secretary Steven Mnuchin, said China’s Commerce Ministry. The next round of trade talks was expected to take place in September, after the tariffs went into place.
As of now, another call is agreed to take place in two weeks, according to China.