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Could Trump’s tariffs ruin Christmas?
21-11-2019 08:59
Could Trump’s tariffs ruin Christmas?
Could Trump’s tariffs ruin Christmas?

US President Donald Trump keeps ruining relationships not only with his foreign rivals but also with his fellow citizens. Trump has already damped spirits of many foreign partners, and now the average American can experience his bad temper. In particular, Donald Trump's ill-considered decisions may spoil the holiday season. This Christmas, millions of US citizens may not get a desired gift or may even be left without it. If the US president decides to impose additional tariffs, this will inevitably lift prices for smartphones, laptops, and toys just 2 weeks before the holidays. According to William Reinsch, former official at the Center for Strategic and International Studies, Trump administration was planning to delay the imposition of new tariffs on December 15. "Trump does not want to do that right before Christmas. This would be terrible," he said. The White House noted that the deadlines for introducing the next tariff package set for December 15 are likely to be postponed. However, no guarantees are given. The fact is that Donald Trump is fully entitled to impose these tariffs without any approval from the Congress. Moreover, the long-awaited trade negotiations have almost failed.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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