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
Federal panel proposes new definition for sports betting
Illinois Venezuelans face economic ‘double whammy’
Ohio’s social media parental consent law allowed to go forward
HUD secretary discusses housing affordability during Michigan visit
Will County Land Bank Clears Committee With Two Amendments
Will County Committee Advances $179,000 Coroner Cot Purchase
Israel-Hezbollah agree to ceasefire, U.S. official says
Wisconsin senator wants to reinstitute race-based scholarships via zip code
Poll: Data center opposition more important than competition with China
Illinois Quick Hits: Fuel price drops below $4.25, still higher than in 2025
U.S.-Iran talks stalled after Israel-Hezbollah fighting
California’s billionaire tax officially heads to Nov. 3 ballot