The Wall Street Journal: Trump administration plans three-month suspension of import-tariff collection

The Wall Street Journal: Trump administration plans three-month suspension of import-tariff collection

27 Mar    Finance News

WASHINGTON — The Trump administration is preparing to suspend collection of import tariffs for three months to give U.S. companies financial relief amid the coronavirus pandemic, according to administration officials.

“Customs duties will be suspended for three months,” a senior administration official said Friday.

Companies would still be liable for the tariffs at a later date, which hadn’t been determined, another official said. Officials said there would be no formal changes to tariff policy.

An expanded version of this report appears at WSJ.com.

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