A delay of some planned tariffs on Chinese goods defers a significant rise in US technology-goods prices. However, the respite will be short, given the policy uncertainty that will continue to drag on business sentiment and economic growth, according to S&P Global Ratings.
On 13 August, the Office of the US Trade Representative (USTR) announced a modification of its earlier plan to impose an additional 10% tariff on approximately US$300 billion of goods imported from China (the so-called "List 4"). The plan now excludes certain goods related to health and safety, and delays when certain tariffs go into effect.
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