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
Maine Gov. Janet Mills officially launches U.S. Senate bid
Illinois quick hits: Poll finds mixed reviews for Trump; posthumous medal for Kirk; transit fare increase proposed
AARP under fire after $9 billion payment from UnitedHealthcare revealed
WATCH: Trump: Pritzker should ‘beg;’ Veto Session begins as Madigan reports to prison
WATCH: Trump: Pritzker should beg for help with public safety in Chicago
L.A. congresswoman insists on health insurance tax credits
Newsom threatens university funding over Trump’s education deal
Former Los Angeles schools chief runs against city’s mayor
Illinois quick hits: WARN report layoffs total 1,689; Powerball winners in Rochelle and Colona
No ethics reform in sight as ex-speaker’s scheduled prison term begins
Trump losing ground on economy, poll finds
Major tech company to cut H-1B visas amid Trump pressure, fee