Trump's commercial mini-trump: delays tariffs on technology products
The United States has taken an important step in trying to soften the effects of the trade war with China. The US Department of Commerce has announced that it will delay until December 15 entry into force of tariffs which affected, above all, technological products from the Asian giant.
As explained by himself Donald Trump executive in a statement, the secretary of the Treasury, Steve Mnunchin, and the Trade representative, Robert Lighthizer, have had a telephone conversation with the Chinese vice president, Liu he, and have decided delay the imposition of these tariffs. In addition, both parties have scheduled a new phone call within two weeks to continue the thaw.
"There are assessments that will enter into force on September 1, but there are some products that have been removed from the list due to public health, national security and other factors, "explains the Department of Commerce note.
Among the products that will not have new rates are "the mobile phones, laptops, video consoles, computer monitors, toys and some textile garments. "
All these are products with special demand during the return to the classrooms of the students of institute or university and during the Christmas season, two peaks that take advantage of department stores and e-commerce companies.
Christmas consumption, safe
The date of December 15 is no accident. Any product that is in stores or for sale during Christmas purchases has been purchased from the Chinese manufacturer long before that date, so Trump is guaranteed that consumption will continue to grow and that households will not pay more for goods that They usually buy.
The US president is in full campaign to try to convince voters that his trade war with China is not impacting them in his pocket, an extreme with which they do not match experts or organizations such as the International Monetary Fund (IMF). In fact, the meters don't prove it right either. The recently published US Consumer Price Index is at its highest levels in the last six months, 2.2% higher than a year ago.
The bags have celebrated with uploaded the decision of the United States Executive, after some sessions in which the reds have been the protagonists. Investors interpret as a gesture of goodwill
"It's good news, especially since it suggests that there is a predisposition to make concessions and that, when the point was reached, an agreement could be reached, "he explained Peter Kankovskis, chief investment officer of Oakbrook Investments, also warning that "it is not the first time that the market celebrates an approach that later does not materialize."
Contacts "at the highest level"
High representatives of the governments of China and the US have resumed the dialogue through the telephone on Tuesday economic and commercial "at the highest level" and they have set out to continue talking in two weeks, as announced by the Ministry of Commerce of China.
Thus, in addition to the Chinese vice president, who is also the leader of the China-US Integral Economic DialogueHe spoke by telephone with the US Trade Representative, Robert Lighthizer, and Treasury Secretary Steven Mnuchin.
Likewise, the Minister of Commerce of China, Zhong Shan, also attended the conversation. governor of the People's Bank of China, Yi Gang, and the deputy director of the National Development and Reform Commission, Ning Jizhen. "Both parts they agreed to talk again in two weeks", said the Ministry.