President Trump Gives Himself a Christmas Gift

President Trump Gives Himself a Christmas Gift

Budget & Tax,  | Quick Take
Aug 13, 2019  | 1 min read | Print Article

President Trump’s trade war took another turn with today’s announcement that a select group of products imported from China will not face a 10 percent increase scheduled for September. Instead the tariff increase will be delayed until December 15, 2019.

Santa Claus should be pleased because this set of approximately 550 products (out of the 3,800 facing increased tariffs), looks like a veritable Christmas list. It contains everything from cell phones, televisions, other electronics, to snowshoes, winter gloves, most clothing, shoes, jewelry and even, well, “Arts. for Christmas festivities, nativity scenes and figures thereof.”

The updated tariff spreadsheet contains the view the list of products that WILL be subject to a 10 percent increased tariff on September 1, as well as the products that are currently delayed until December 15, 2019.

The United States Trade Representative also announced today that some products are completely removed from the tariff list “based on health, safety, national security and other factors” but did not provide a list of which products. We will update the tariff spreadsheet when we determine which products received this golden “get out of tariffs free” card.

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