Trump delays China tariffs by 90 days
The deadline to enact further reciprocal tariffs against China will be extended by 90 days, President Donald Trump announced Monday night.
“[China] continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national security matters,” Trump explained in an executive order.
The deadline was set to expire on Aug. 12. The new deadline is set for after midnight on Nov. 10.
While negotiations with China are worked out, a 10% reciprocal tariff rate will remain in effect until Nov. 10, according to a fact sheet provided by the White House.
“President Trump is ensuring economic cooperation between two of the largest economies in order to protect American interests, stop unfair trade practices, and strengthen America’s domestic manufacturing base,” the fact sheet read.
In April, the U.S. imposed 145% tariffs against Chinese imports and China retaliated with 125% tariffs on U.S. goods.
The countries backed off these tariffs after meeting in May. The U.S. went down to 30% tariffs while China went down to 10%.
The fact sheet said the U.S. goods trade deficit with China was $295.4 billion in 2024. The White House said this number is “already decreasing substantially.”
Latest News Stories
Op-Ed: The FAA’s O’Hare decision is a win for travelers – and for competition
Bill to prevent fraud on elderly, disabled opposed by financial institutions
Illinois Quick Hits: Gas tops $5 a gallon
Newton Shuts Out Casey-Westfield in Conference Clash
Casey-Westfield Baseball Powers Past Lawrenceville in 13-3 Road Win
Warriors Shut Out Danville in 9-0 Victory
Late-Inning Rally Propels Casey-Westfield Past Paris in Conference Clash
Goble Stars in the Circle and at the Plate as Casey-Westfield Powers Past Paris, 10-3
Chicago mayor to push for local funding, keeping Bears
Senate Republicans unveil $72 billion budget package to fund ICE, CBP
Illinois AI regulations have mild industry support, could draw federal ire
DOJ files complaint to block Minnesota climate lawsuit