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
Trump, Putin meeting in Hungary called off
WATCH: Businesses argue Congress holds purse strings in tariff challenge
Report: FEMA under Biden politically discriminated against Americans
Trump begins accepting $100k visa payments
Vance optimistic with Gaza peace plan; reiterates no U.S. troops to be on the ground
Poll: Majority of Americans do not support National Guard to deter crime
‘Legal minefield:’ Biometrics reforms needed to keep IL tech biz growing
Warriors Fall to Olney 28-27 in Heartbreaking Battle for Little Illini Title
As military branches celebrate 250 years, Democrats vote against paying them
Chicago transit violent crime at 7 year high, funding concerns persist
WATCH: National Guard case before SCOTUS; Trump insists China soybean deal coming
Illinois quick hits: Harvey furloughs some employees; lead poisoning prevention continues