“As President Trump’s trade advisers were searching last week for a strategy to forestall his threatened tariffs on China, they struck upon a novel approach: appeal to his Christmas cheer,” CNN reports.
“Under pressure from retailers to prevent a move that would likely have caused prices of popular consumer goods to spike, the President’s team came to him during a meeting last week with a warning. Applying new tariffs on all Chinese imports, they cautioned, could effectively ‘ruin Christmas,’ according to people familiar with the matter.”
“It was a tactic that worked: Trump announced the tariffs would be delayed until December 15.”
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