More tariffs paid by US consumers

[GMDino]

Normally this would be someone admitting they were wrong.  I doubt DJT would do that.

https://www.cnbc.com/2019/08/13/trump-says-he-delayed-tariffs-because-of-concerns-over-christmas-shopping-season.html

Quote:Trump says he delayed tariffs because of concerns over Christmas shopping season


KEY POINTS

• President Trump says he is delaying some tariffs on Chinese imports ahead of the Christmas season.
• “We’re doing this for the Christmas season,” Trump says, “just in case some of the tariffs would have an impact on U.S. customers.”
• The Trump administration announced hours earlier that it would delay until Dec. 15 some of the tariffs that were originally scheduled to come into effect Sept. 1.
  

[color=rgba(7, 29, 57, 0)]WATCH NOW

VIDEO[color=rgba(255, 255, 255, 0.8)]01:07[/color]
Trump: We’re delaying tariffs to benefit Christmas shopping season

President Donald Trump on Tuesday said he is delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping.

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The Trump administration announced hours earlier that it would delay until Dec. 15 some of the tariffs that were originally scheduled to come into effect Sept. 1.

“We’re doing this for the Christmas season,” Trump told reporters on an airport tarmac around noon Tuesday. “Just in case some of the tariffs would have an impact on U.S. customers.”


“So far they’ve had virtually none,” the president added. “But just in case they might have an impact on people, what we’ve done is we’ve delayed it, so that they won’t be relevant to the Christmas shopping season.”


The acknowledgement that tariffs could harm holiday sales marks a shift for Trump, a self-described “tariff man” who has long claimed that the taxes on imports help the U.S. while applying pressure on China.


The U.S. trade representative said the delay would apply to a wide variety of goods, including certain electronics such as cellphones, laptops and video games.


A slew of Christmas-related products also appeared on the delay list. They include decorations for “Christmas festivities, nativity scenes and figures thereof,” as well as Christmas tree lights and ornaments.

No other items for specific holidays appear to be included in the delay list.


Trump had announced in early August that he would slap 10% tariffs on the remaining $300 billion worth of Chinese goods that had so far avoided import duties. The White House has already imposed tariffs on $250 billion worth of imports from China.

Quote:
[/url]Donald J. Trump

@realDonaldTrump

 · Aug 1, 2019


Replying to @realDonaldTrump
...buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and...

Quote:
Donald J. Trump

@realDonaldTrump


...during the talks the U.S. will start, on September 1st, putting a small additional Tariff of 10% on the remaining 300 Billion Dollars of goods and products coming from China into our Country. This does not include the 250 Billion Dollars already Tariffed at 25%...

[url=https://twitter.com/intent/like?tweet_id=1156979446877962243]70.6K
1:26 PM - Aug 1, 2019
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China, which had already put retaliatory tariffs on $110 billion worth of U.S. imports, responded to the most recent threat by canceling all purchases of U.S. agriculture products.



The White House’s move to back off on the hard and fast date for the new tariffs came as a sigh of relief for markets, which have been increasingly on edge amid the intensifying trade war between Beijing and Washington. Major indexes, which had been trading in the red before the market open, shot up on the news.


Rising shares of tech companies, tech distributors and other retailers carried the market higher. Apple shares jumped nearly 5% higher on the news and Best Buy soared more than 8%. Chip stocks also moved out of correction territory with the semiconductor ETF down 8% from its July high.


Trump has long given full-throated support to tariffs. He regularly claims that China, not the U.S., bears the burden of the duties, and says that the U.S. is taking in “billions” from China.
Most economists are quick to point out that U.S. importers are the ones who directly pay the taxes, though tariffs can hurt China by making its goods more expensive for Americans to buy.

Trump’s comments Tuesday came just before traveling from his New Jersey golf resort to the Shell Pennsylvania Petrochemicals Complex, where he will deliver remarks about U.S. energy and manufacturing.

So probably it's just his "friends" telling him he was costing them sales more than a true worry about you (universal) and me paying more.

And no, Trump does not get "credit for doing the right thing" because, again, he doesn't think it IS the right thing and he's the one who created the problem in the first place with his misguided attempts.