Home NEWS-BUSINESS White House Weighs Tariff Delay

White House Weighs Tariff Delay

by staff
White House Weighs Tariff Delay


WASHINGTON — The Trump administration is considering postponing tariff payments on some imported goods for 90 days, according to people familiar with the matter, as it looks to ease the burden on businesses hurt by the pandemic.

Some businesses and trade groups have argued that the levies President Trump imposed on foreign metals and products from China continue to raise their costs and weigh on their profits at a time when the economy is slowing sharply. But in recent weeks, Mr. Trump and his advisers have denied that cutting tariffs would be one of the measures they would undertake to buoy the economy.

The White House now appears to be considering a proposal that would defer tariff…



Source link

You may also like

Leave a Comment