U.S. Holds Off on Huawei Licenses

The US is delaying decisions on licenses for companies working with Huawei, following China's halt on US agricultural purchases. This adds to the ongoing trade tensions, with the yuan weakening and new tariffs on $300 billion of Chinese goods being prepared. The business community is vocally opposing these tariffs, which are seen as a tax on businesses and are expected to increase prices. The timing of the tariffs, set for September 1st, raises concerns for companies with existing contracts, adding uncertainty to the business environment.

What specific products were mentioned as being included in the tariff list?

What uncertainty do businesses face regarding the timing of the tariffs?