Business groups to Trump: Tariff delay isn't enough
Business groups on Tuesday said President Trump's decision to postpone and exempt some consumer goods scheduled for tariffs did not go far enough, and urged him to take additional steps to wind down the trade war with China.
The White House trade office announced Tuesday morning that the administration would delay tariffs on certain consumer goods, from Sept. 1 to Dec. 15, while also removing items from the list targeting Chinese products.
"We are pleased the administration is delaying some tariffs ahead of the holiday season and acknowledging the impact on American consumers," said David French, head of government relations for the National Retail Federation. "Still, uncertainty for U.S. businesses continues, and tariffs taking effect September 1 will result in higher costs for American families and slow the U.S. economy."
Trump said earlier this month that starting Sept. 1 he would impose a 10 percent tariff on virtually all imports from China that he had not already hit with import taxes. The list of $300 billion-worth of imports included consumer goods for the first time.
https://www.msn.com/en-us/money/markets/business-groups-to-trump-tariff-delay-isnt-enough/ar-AAFKOYr?li=BBnbfcL
But it makes him look tough as far as the MAGAts are concerned.