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
Illinois Quick Hits: Water rates could rise
WATCH: Population gain through international migration; Chicago looks to prosecute ICE
Waste Management Commits to Expanded Litter Patrols Around Landfill
Feasibility Study Outlines Five Paths Forward for 207U
White House seeks to end IL illegal alien college benefits
Trump issues executive order to expedite rebuilding after Los Angeles County wildfires
Illinois Quick Hits: Illinois gains population for third straight year
Chicago mayor calls for local government ‘process’ to prosecute feds
U.S. population growth slows after Trump border policies enacted
Maryland joins mid-decade redistricting fight
Democrats call for Noem’s removal after second fatal shooting by DHS agent