The Trump administration’s decision to hold off on imposing tariffs on certain Chinese goods sent Apple’s stock price surging Tuesday morning.
Apple’s shares shot up nearly 5 percent after the announcement before leveling off up around 4 percent.
The Office of the U.S. Trade Representative announced earlier that it would delay tariffs on goods like “cell phones, laptop computers, video game consoles, certain toys, computer monitors and certain items of footwear and clothing” until Dec. 15.
The office also said that it would release a list of goods that would be exempted from the 10 percent tariff that goes into effect on Sept. 1.
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JUST IN: Apple shares surge after Trump delays tariffs https://t.co/p8QYxoyfhT pic.twitter.com/b9FRFrcIcD
— The Hill (@thehill) August 13, 2019
President Trump on the delay of tariffs on Chinese goods: “We’re doing this for the Christmas season. Just in case some of the tariffs would have an impact on U.S. customers.” https://t.co/U3BuCKwJTJ pic.twitter.com/sL43cvkTeC
— The Hill (@thehill) August 13, 2019
So whatever is happening with our retirement funds is not a concern. This is only for the benefit of those who want to buy expensive toys for Christmas?
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