Article snippet: MORE on Tuesday moved to protect U.S. consumers from the next round of his trade war with China amid mounting threats to the economy and his reelection. The White House said it would delay 10 percent tariffs slated to take effect Sept. 1 on certain consumer goods from China while exempting other products — less than two weeks after Trump announced the new import taxes. Postponing the tariffs until Dec. 15 is expected to temporarily cool U.S. trade tensions with China while also shielding consumers and American businesses from higher costs. Financial markets also rallied on the news after weeks of anxiety over a global slowdown. But narrowing the scope and delaying the impact of the trade war suggests dwindling odds of striking a broader agreement with China. Trump insisted Tuesday that he maintains the upper hand in his battle with China, arguing that Chinese President Xi Jinping is eager to make a deal. Even so, Trump conceded that he decided to hold off on additional tariffs because of the potential harm to consumers. “We’re doing this for Christmas season, just in case some of the tariffs would have an impact on U.S. customers,” Trump said. Trump has already imposed a 25 percent tariff on $250 billion in Chinese imports, and will subject roughly $300 billion more to a 10 percent tariff starting in mid-December. The new set of tariffs would cover and likely raise prices for hundreds of food and agricultural products, articles of clothing, shoes, household stapl... Link to the full article to read more