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
WATCH: Gun ban cases and the Supreme Court; English and CDLs; Don Tracy eyes Senate
Illinois quick hits: Madigan disbarred; taxpayers subsidize medical debt relief
Will County Executive Committee to Hash Out Budget Cuts Following Levy Reduction
Inflation-adjusted teacher salaries drop despite record spending on public education
Illinois quick hits: CDC’s autism and vaccines website criticized by IDPH
IL GOP U.S. Senate candidate says state needs balanced representation
Wheat price drop brings notable Thanksgiving savings for Illinois families
Illinois lawmaker calls FDA hormone therapy reversal ‘overdue’
IL Rep on congressmen trading: ‘We’re not going to take a pile of money to hell’
Illinois quick hits: Officer shot report numbers down; Thanksgiving meal costs down
WATCH: Chicago activist testifies; Quinn’s millionaire surcharge; High SNAP error rate
GE Appliances announces $150 million partnerships
Frankfort, Will County Partner on Wildlife Rabies Control