Baltimore Sun : 2019-08-14

FRONT PAGE : 1 : 1


Price $2. Our 182nd year, No. 226 Wednesday, August 14, 2019 baltimores­ — The Rev. Marvin McKenstry Trump delays some tariffs on Chinese goods Business pressure helps push back threat to Dec. 15 By Paul Wiseman and Christophe­r Rugaber Associated Press WASHINGTON — Responding to pressure from businesses and growing fears that a trade war is threatenin­g the U.S. economy, the Trump administra­tion is delaying most of the import taxes it planned to impose on Chinese goods and is dropping others altogether. The announceme­nt Tuesday from the Office of the U.S. Trade Representa­tive was greeted with relief on Wall Street and by retailers who have grown fearful that the new tariffs would wreck holiday sales. The administra­tion says it still plans to proceed with 10% tariffs on about $300 billion in Chinese imports — extending its import taxes to just about everything China ships to the United States in a dispute over Beijing’s strong-arm trade policies. But under pressure from retailers and other businesses, President Donald Trump’s trade office said it would delay until Dec. 15 the tariffs on nearly 60% of the imports that had been set to absorb the new taxes starting Sept. 1. Among the products that will benefit from the 31⁄ month reprieve are such popular consumer goods as cellphones, TODAY’S WEATHER A SHOWER AND T-STORM 88 72 2- HIGH LOW See page 13 Storms linger across area TARIFFS, SPORTS PG 10 inside bridge puzzles sports 9 taste 5 lottery tonight on tv news 4 taste 5 business comics news 8 taste 4 obituaries classified news 12 sports 6 opinion news 14 ● ● ● ● ● ● ●

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