Trump delays China tariffs by 90 days

Trump delays China tariffs by 90 days

Spread the love

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.”

Leave a Comment





Latest News Stories

WATCH: Pritzker’s office ‘troubled’ by ‘peacekeeper’ photo; 2 years of cashless bail

WATCH: Pritzker’s office ‘troubled’ by ‘peacekeeper’ photo; 2 years of cashless bail

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares the reaction...
Will GOP act on $124B in Medicare insurance fraud?

Will GOP act on $124B in Medicare insurance fraud?

By Chris Dickerson | Legal NewslineThe Center Square Earlier this year, UnitedHealthcare acknowledged it is under federal investigation over accusations is defrauded Medicare Advantage through multiple billions of dollars in...
What a terrorist designation could mean for Antifa

What a terrorist designation could mean for Antifa

By Morgan SweeneyThe Center Square President Donald Trump declared Antifa a terrorist organization on Wednesday, describing them as a “sick, dangerous, radical left disaster;” however, it’s unclear at this time...
WATCH: Report says national student debt is over $1.6 trillion

WATCH: Report says national student debt is over $1.6 trillion

By Esther WickhamThe Center Square The college student loan balance in the United States is $1.66 trillion, according to a WalletHub report. To determine the best and worst states with...
DOJ sues health plan that got almost $3.5 billion from Feds

DOJ sues health plan that got almost $3.5 billion from Feds

By Dave MasonThe Center Square The U.S. Attorney’s Office for the Central District of California is suing a health insurance plan for allegedly violating the public’s trust at taxpayers’ expense....
Bill blocks Federal Reserve members' dual appointments

Bill blocks Federal Reserve members’ dual appointments

By Zachery SchmidtThe Center Square Federal Reserve board members would not be able to hold dual positions appointed by the president if U.S. Sen. Ruben Gallego’s new bill becomes law....
Lawmakers call for changes to cashless bail as Illinois faces federal funding loss

Lawmakers call for changes to cashless bail as Illinois faces federal funding loss

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Statehouse Republicans are calling for reform of the Pretrial Fairness Act as Illinois faces the potential loss...
Illinois quick hits: Unemployment down; Rivian supplier gets tax incentives

Illinois quick hits: Unemployment down; Rivian supplier gets tax incentives

By The Center SquareThe Center Square Unemployment down The unemployment rate in Illinois has dropped to its lowest point since July 2023. The Illinois Department of Employment Security announced the...
Pritzker’s office ‘extremely troubled’ by photo with suspect ‘peacekeeper’

Pritzker’s office ‘extremely troubled’ by photo with suspect ‘peacekeeper’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Officials from the governor’s office say they were “extremely troubled” to learn that a man that Gov....
Pritzker touts quantum future, state senator urges caution for taxpayers

Pritzker touts quantum future, state senator urges caution for taxpayers

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker is touting Illinois as a destination for quantum computing companies, but a state senator...
WATCH: Pritzker on Kimmel suspension; SNAP error rate alarms; hemp regulations loom

WATCH: Pritzker on Kimmel suspension; SNAP error rate alarms; hemp regulations loom

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares Illinois Gov....
Temporary Rockford Courthouse fence sparks debate over security and costs

Temporary Rockford Courthouse fence sparks debate over security and costs

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – A temporary fence surrounding the federal courthouse in downtown Rockford, Illinois is drawing sharp criticism and...
Illinois quick hits: Report: Suspect pictured with Pritzker; more immigration arrests

Illinois quick hits: Report: Suspect pictured with Pritzker; more immigration arrests

By Jim Talamonti | The Center SquareThe Center Square Report: Suspect pictured with Pritzker Less than a week before a smash-and-grab burglary led to a fatal wreck on Chicago’s Magnificent...
Illinois quick hits: Suspect in custody after state senator's home struck with gunfire

Illinois quick hits: Suspect in custody after state senator’s home struck with gunfire

By Jim Talamonti | The Center SquareThe Center Square Suspect in custody after state senator's home struck with gunfire A suspect is in custody after two homes were damaged by...

WATCH: Governor candidate: Low-cost districts shine while most IL schools spend, fail

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – According to a Republican candidate for Illinois governor, schools in the state can succeed without spending big....