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
Lawyers’ ‘misleading statements’ hang cloud over college finaid class action
Casey City Council Approves Over $175,000 in Potential Matches for Downtown Business Redevelopment
Ceasefire impact holds across markets despite varying reports on the Strait of Hormuz
SEC chairman returns ”first principles’ to public markets, supports Texas exchange
Complaint filed against AMA Foundation for racially discriminatory scholarships
Democrats vow to hold Bondi in contempt for refusing Epstein deposition
Commonwealth LNG signs supply deals with five major buyers
Lawmakers hear debate over data centers including revenue, headaches
Illinois quick hits: Madigan corruption appeal to begin Thursday; Attorney General asks lawmakers for additional $15 million;
Deficit watchdog urges Congress to cut more, spend less than Trump’s budget request
Lawmaker pushes sales tax pause on gas as questions cloud ‘fragile’ ceasefire
Groups warn Middle East truce may not ease economic fallout