trump: Applying new tariffs on all Chinese imports, they cautioned, could effectively ruin Christmas, according to people familiar with the matter, according to CNN. It was a tactic that worked Trump announced the tariffs would be delayed until December 15. Under pressure from retailers to prevent a move that would likely have caused prices of popular consumer goods to spike, the President's team came to him during a meeting last week with a warning. It was one back-down amid a grueling trade war that Trump insists will eventually benefit Americans -- and will demonstrate his toughness on China. As signals mount of a global slowdown -- spurred partly by the trade war -- Trump and his advisers are increasingly looking for ways to prevent economic anxieties from reaching Americans before next year's presidential election. And while it caused markets to soar on Tuesday, the gains were erased a day later amid new fears of an impending recession.
(news.financializer.com). As
reported in the news.
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