Trump Delays Some China Tariffs; Hong Kong Protest Muddles Talks

Does anybody in the U.S. covet Greenland? More importantly, do the three people living on Greenland want us? (NB: a joke. I know there are more than three people in Greenland.)

Surprisingly, President Donald Trump’s reported interest in the U.S. buying Greenland isn't dominating the news at week's end. The focus remains on the ongoing trade war between the nation and China, and interest rates and how the Federal Reserve Board may react to the rate inversion that took place last week (see page 6).

While the President has been insisting that China, not US consumers, pay tariffs; he did take a step back from the brink with his announcement there will be a delay in the implementation of the new 10% tariff on many big-ticket consumer goods.

Just a few days after Trump announced his 10% tariff on $300 billion of Chinese imports to be effective September 1, he announced a delay until December 15 on approximately $200 billion of the proposed $300 billion. The products delayed included electronic products such as laptops and cell phones that are purchased both for back-to-school and holiday gift seasons.

The sometimes violent troubles in Hong Kong have added to the complicated decision making process for Trump Administration trade policy. The President in some Tweets has br...
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