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
U.S.-EU trade deal includes ceiling for European pharmaceutical imports
Supreme Court allows Trump to block DEI funding
Trump to probe Smithsonian museums for ‘woke’ ideology
Director: Nation’s largest outdoor ag show brings economic impact to central IL
NY appeals court overturns Trump’s civil fraud penalty
Will County P&Z Approves Crete Solar Farm, Overruling Township’s General Opposition
Will County Board Approves Controversial Recovery Retreat in Crete Township Amid Strong Resident Opposition
Will County P&Z: Green Garden Township Variances Granted in Monee
Will County P&Z: Manhattan Township Rezoning Approved
Will County P&Z: Green Garden Township Rezoning Approved Amid Concerns Over Lack of a Final Plan
Zoning Commission Overrules Staff, Approves Greeen Garden Twp Variance for 3-Acre Agricultural Lot
Personnel cuts to national intelligence office will save taxpayers $700 million
Redistricting would split cities, counties throughout CA
Pritzker: Fair maps in Illinois would be ‘disarming’ to Democrats