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
IL rep: As if Bears ‘had a plan to rob the bank’ before considering Indiana
Lincoln-Way High Schools Maintain Top State Rankings; EL Progress Jumps
Undersheriff Brian Conser Retires After 29 Years of Service
Officials warn against limits on loans for nursing students
FBI to scrap $5 billion move, Patel says
AGs say ‘As You Sow’ may violate antitrust laws with anti-fossil fuel alliance
Manhattan-Elwood Library Board Authorizes Steps to Sell Extra Lot
Storm hits California over Christmas; flood watch continues
IL dyslexia screening takes effect Jan. 1, drawing reading instruction debate
Colorado Springs, Denver residents pay among lowest property taxes in U.S.
Illinois quick hits: Pope reacts to Pritzker bill signing
Study reveals top U.S. states for K-12 education