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
WATCH: Arizona governor’s State of State stresses economy
Judiciary Comm. to take on bill targeting lawsuit investors
Trump announces 25% tariff on nations doing business with Iran
Boston, Seattle, Madison top list of best cities for students
Illinois congressman hails health care win, experts question Senate path, costs
GOP senator wants budget transparency; Dems describe open process
WATCH: Illinois sues over public safety tactics around immigration enforcement
Illinois voices collide as Trump’s Maduro arrest fuels war powers debate
Illinois Supreme Court justice to retire
Bridge payment a ‘bandage,’ Illinois farmers say
Even with new rule, Illinois lawmakers could restrict inmate mail scanning
WATCH: States sue over funds; DHS responds to critics; Fed responds to investigation