Donald Trump will allow US businesses hit hard by the coronavirus pandemic to defer payments on a limited range of import tariffs, as his administration eased its hardline posture on trade to support the economy.
Steven Mnuchin, the US Treasury secretary, and Chad Wolf, the acting secretary of homeland security, announced the move late on Sunday.
“By postponing the deadline to deposit certain duties, taxes, and fees for 90 days, we are providing much needed relief to affected businesses,” said Mr Mnuchin. “This will protect American jobs and help these businesses get through this time.”
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