"It is the first recognition by the Trump Administration that the president's tariffs are hurting consumers," Doug Barry, spokesman for the US-China Business Council, which encompasses companies, told Efe on Wednesday. For the business association, this delay "seems to be motivated by the desire to avoid affecting consumers during the Christmas shopping season," a theory that Trump himself has defended in statements to journalists.
USCBC in the News
“Most of the tariffs up to now have been affecting business to business products, not business to consumer products. And even though that has increased cost for American companies they have been able to mitigate those costs instead of passing them on to consumers. But once tariffs are on absolutely everything that we import from China, which is what will be the case as of Dec. 15, and once they are covering consumer goods explicitly, it’s not going to be possible for companies to just keep absorbing all...
With the delay in tariffs and some ambiguity in its statement, “the USTR has left itself an enormous amount of wiggle room,” said Craig Allen,president of the US-China Business Council, which represents many large multinational firms doing business in China. “Where do we come out of all this? Final decisions haven’t been made,” he said.