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Duties on Chinese goods postponed until December

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It looks like the trade war with China won’t be taking a bite out of your Christmas budget.

The Trump administration said Tuesday that it would wait until Dec. 15 to impose tariffs on Chinese goods that were supposed to go into effect in September. Other items were removed from the tariff list due to health, safety and national security concerns.

Many of the items on the tariff list are popular holiday gifts. That’s a relief to retailers, which would either eat the added costs or pass them onto shoppers – neither a palatable outcome.

It also means Americans won’t see higher, tariff-inflated prices during their holiday shopping. Those who are traditionally last-minute holiday shoppers may want to skip procrastinating this year, though, and wrap up the shopping before the Dec. 15 deadline.

“I think the president wanted to avoid being the Grinch who stole Christmas,” said Mark Zandi, chief economist of Moody’s Analytics. “These delayed tariff hikes would have landed squarely on American consumers.”

What’s affected by the tariff delay

The 21-page list of items subject to the delay includes many common holiday wishlist gifts, like cellphones, laptops, video game consoles, toys, shoes and clothing. With a delayed hike, Americans are poised to save big on some products.

“We’re doing this for Christmas season, just in case some of the tariffs would have an impact on U.S. customers. So far they’ve had virtually none,” President Donald Trump said in New Jersey before boarding Air Force One for an event in Pennsylvania.

Retail tourists? Why do we Chinese love coming to America? Shhh! It’s the shopping.

Markets on the move! Dow, stocks surge after US delays China tariffs on cellphones, video games computers

For instance, the price of an Apple iPhone would be $75 to $100 higher with the tariffs, Wedbush Securities analyst Daniel Ives estimated recently. That would be bad timing for the company, which is expected to release three new editions of the iPhone in September, models with extra power and improved battery performance.

Another popular holiday gift, video game systems, will also dodge the price uptick until Dec. 15. Earlier this summer, hardware makers Microsoft, Nintendo and Sony asked the Trump administration to remove video game consoles from the list of products to be hit with tariffs.

Their concerns: The import tariff could raise the price of a game system enough to price out 1 in 4 U.S. families this holiday season, the companies said.

Other tariffs coming soon

So far, “consumers had been largely insulated from the price increases from the trade war,” says Kathy Bostjancic, chief U.S. financial economist at Oxford Economics.

The tensions have had other ill side effects, though.

The manufacturing industry is teetering on a recession. U.S. farmers are facing mounting losses. And stocks had their worst rout of the year after Trump this month vowed to enact another 10% tariffs on $300 billion in Chinese goods starting Sept. 1.

That list runs 122 pages and includes items that were not subject to earlier tariffs such as clothes, jewelry, linens, sunglasses, watches, guns, clothing and sports equipment.

That set of tariffs will hit Americans’ pocketbooks, too.

Contributing: USA TODAY business writer Kelly Tyko and Washington correspondent John Fritze. 



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Ideas to Reality: m.Paani, Technology for India's Local Retailers

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Meet Akanksha Hazari , CEO and Founder of m.Paani, a startup that is providing software to India’s 60 million local retailers, empowering them to compete against big box retailers in today’s digital economy.

Launchpad empowers global entrepreneurs with technology and mentorship so that they can build startups that solve the world biggest problems.

Learn more about m.Paani → www.mpaani.com

Watch more startup stories → https://goo.gle/2VKoDqp

Subscribe to Launchpad → https://goo.gle/GDevLaunchpad

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aquarium with water filter New technology- পানির ফিল্টার দিয়ে আকর্ষণীয় একুরিয়াম তৈরি

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খুবই সহজে ঘরে বসে পুরানো, পানির ফিল্টার দিয়ে এবং হাতের কাছে সামান্য কিছু জিনিস দিয়েই, এরকম আকর্ষণীয় একটি, একুরিয়াম তৈরি করে নিতে পারেন।

এই একুরিয়াম টি তৈরিতে যা যা লাগবে তা হল:
১: একটি পানির ফিল্টার।
২: কিছু এলইডি লাইট।
৩: একটি ৬ ভোল্ট ডিসি এডাপ্টার।
৪: একটি অক্সিজেন মেশিন।
৫: একটি লিচু ঝর্ণা।
৬: সিমেন্ট,সুইচ, সকেট, পাথর,হোস পাইপ,কসটেপ,রং এবং কাজ করার জন্য সাধারণ কিছু যন্ত্রপাতি।

উপরের এই সবগুলো জিনিস, খুবই সহজে যে কেউ সংগ্রহ করে, ঘরে বসে অতি অল্প সময়ের মধ্যে, আকর্ষণীয় এই একোরিয়াম টি তৈরি করে নিতে পারবেন।

You can easily create an attractive, an aquarium in the room with an old, water filter and a few things near your hand.

Here’s what it takes to create this aquarium:
1: A water filter.
2: Some LED lights.
1: A 4 volt DC adapter.
1: An oxygen machine.
3: A litchi fountain.
3: Cement, switches, sockets, stones, hose pipes, cocktails, dyes and some common machinery for working.

All of these things above, it is very easy for anyone to collect, create a fascinating aquarium in a very short time at home.

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I HATE TECHNOLOGY!!

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This will be funny, but you’ll think about Patchy The Pirate who hates technology.

I do not own the rights of music, and show, so no copyright intended.

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