U.S. President Donald Trump said he is delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping.
"We’re doing this for the Christmas season. Just in case some of the tariffs would have an impact on U.S. customers," CNBC cited the U.S. President as saying.
"So far they’ve had virtually none," Trump added. "But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season."
The Trump administration announced earlier that it would delay until December 15 some of the tariffs that were originally scheduled to come into effect September 1.
Trump explains why he delayed China tariffs
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