Trump backs off China tariff plan with delays for cellphones, laptops
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WASHINGTON (Reuters) - President Donald Trump on Tuesday backed off his plan to impose 10% tariffs on remaining Chinese imports on Sept. 1, delaying duties on cellphones, laptops and many other consumer goods in the hopes of blunting their impact on U.S. holiday sales.The move sent stocks sharply higher and drew cautious relief from retailers and technology groups.The new tariff will, instead, be effective from Dec. 15 for thousands of products including clothing and footwear, possibly..