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
Lawsuit links CA teen’s suicide to artificial intelligence
HHS, Department of Education announce nutrition reforms
White House appoints interim CDC director; standoff continues with former director
WATCH: Pritzker claims Trump plans election interference with troop deployment
Plaintiffs take Cook County gun ban challenge to SCOTUS
Illinois quick hits: $1.57B return on investments; solar-powered manufacturer cuts ribbon
Report: Illinois U.S. Rep faces minimal penalty after disclosure violations
18 were injured, 2 killed in Minneapolis shooting
Trump HHS tells states to remove gender ideology from sex ed or lose PREP funding
Americans could face ‘sticker shock’ as once-small tax exemption ends
‘Pro-taxpayer’ law requires operators to clean up abandoned Illinois oil wells
Black-only medical directory must open to all races after lawsuit