US Commerce Secretary Wilbur Ross told CNBC that the tariff delay decision were not a trade ‘quid pro quo’ with China. He referred to the delay in 10% tariffs on some Chinese imports until December 15. Instead, it’s just because “nobody wants to take any chance of disrupting the Christmas season”.
Ross added that “we’ve been doing analysis since the hearings were announced by the USTR”. And, “even though they were only announced as being imposed recently, the analytical work began well before that.”
