The tariff landscape has changed yet again.
Some fashion companies might now be given a few more months to prepare themselves for incoming levies.
The U.S. Trade Representative announced Tuesday that certain apparel and footwear items will not get hit with 10 percent tariffs until mid-December, instead of Sept 1. It did not disclose which items would get a last-minute reprieve, but will publish a list on its web site later today.
Other products that will be subject to the delay include cell phones, laptop computers, video game consoles, certain toys and computer monitors.
It also revealed that certain products are being removed altogether from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent.
The Dow Jones Industrial Average was up 414 points, or 1.6 percent to 26,311.82 on the heels of the news.
Read more here:
Global Markets Plunge on Full-blown Trade War Fears
