Trump to delay some trade tariff payments as coronavirus hits businesses

President Trump will allow some businesses to delay payment on certain trade tariff payments by three months, according to reports on Tuesday.

Trump is expected to announce the 90-day delay in tariff payments that has come amid the coronavirus pandemic in the near future, according to CNBC and Bloomberg.

Many businesses that import goods pushed for temporary relief from duty payments as the pandemic caused severe cash flow shortages.

It is not clear yet which payments would be included in the deferral, but sources told CNBC that the financial relief would likely apply to countries with Read more…

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