Stocks surged higher in a sudden move after the U.S. said it was delaying China tariffs until December 15 on some items.
President Donald Trump announced earlier this month that a 10% tariff would go into effect on Sept. 1 on a list of items, including toys. The USTR said in a statement Tuesday that the tariffs on some items, including "certain toys," will be delayed until Dec. 15.
The timing of the tariffs were a particular source of concern for the toy companies. September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry's business occurs.but to pass along the increased costs to our U.S. customers " if the tariffs were put into place.This is breaking news. Please check back for updates.
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