Trump delays China tariffs by 90 days

Trump delays China tariffs by 90 days

Spread the love

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.”

Leave a Comment





Latest News Stories

Illinois to see 4 new consumer protection laws enacted

Illinois to see 4 new consumer protection laws enacted

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker was joined by state lawmakers and other officials Thursday to sign a four-bill...
Illinois SNAP error rate rises; Pritzker blames Trump

Illinois SNAP error rate rises; Pritzker blames Trump

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois now has the fifth-highest error rate in the nation for improper payments to recipients of federal...
Chicago video gambling hearing abruptly ends in debate, disarray

Chicago video gambling hearing abruptly ends in debate, disarray

By Sean Reed | The Center SquareThe Center Square (The Center Square) – A public meeting Wednesday on the state of legal gambling in Chicago was brought to an abrupt...
Illinois Quick Hits: Court rules against parents in East St. Louis busing case

Illinois Quick Hits: Court rules against parents in East St. Louis busing case

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Supreme Court has reversed an appellate court’s ruling in a case involving state requirements of...
DHS secretary blasts Illinois correctional centers

DHS secretary blasts Illinois correctional centers

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – U.S. Homeland Security Secretary Markwayne Mullin is calling out state correctional facilities after he faced questions from...
Chicago's potential 'teen takeover' solutions cost taxpayers

Chicago’s potential ‘teen takeover’ solutions cost taxpayers

By Sean Reed | The Center SquareThe Center Square (The Center Square) – As the trend sometimes referred to as “teen takeovers” continues to trouble the city of Chicago, government...
Illinois Quick Hits: Opioid overdose deaths decline in Cook County

Illinois Quick Hits: Opioid overdose deaths decline in Cook County

By Jim Talamonti | The Center SquareThe Center Square (The Center Square0 – Opioid overdose deaths are down for the third straight year in Chicago and suburban Cook County. According...
Teachers unions call for special session, more money

Teachers unions call for special session, more money

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Chicago Teachers Union and the Illinois Federation of Teachers are calling for a special session of...
Illinois Quick Hits: Bond, TIF money helps fund Chicago neighborhood grants

Illinois Quick Hits: Bond, TIF money helps fund Chicago neighborhood grants

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Chicago Mayor Brandon Johnson has announced $42.5 million in grant support for 56 neighborhood development projects. A...
Pritzker approves law sealing reproductive medical records past state lines

Pritzker approves law sealing reproductive medical records past state lines

By Sean Reed | The Center SquareThe Center Square (The Center Square) – Four years after the U.S. Supreme Court overturned the right to abortion nationwide, Illinois Gov. J.B. Pritzker...
Illinois wheat harvest looks good despite storms

Illinois wheat harvest looks good despite storms

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Most Illinois wheat escaped damage from severe storms across the state, but recent rainfall could affect crops...
Illinois Quick Hits: $50.8M in cannabis tax-funded grants awarded

Illinois Quick Hits: $50.8M in cannabis tax-funded grants awarded

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Illinois Criminal Justice Information Authority has announced $50.8 million in Restore, Reinvest and Renew grants. The...
New gun rules may be needed in IL after SCOTUS marijuana gun rights ruling

New gun rules may be needed in IL after SCOTUS marijuana gun rights ruling

By Jonathan Bilyk | Legal NewslineThe Center Square The U.S. Supreme Court has ruled occasional and "habitual" marijuana use alone cannot be used by governments as a reason to deny...
Pritzker defends plan to raise tolls

Pritzker defends plan to raise tolls

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says higher proposed Illinois Tollway rates are for many users that travel to and...
DHS thwarts Iranian terrorist threats at the northern border, World Cup ties

DHS thwarts Iranian terrorist threats at the northern border, World Cup ties

By Bethany BlankleyThe Center Square Iranian terrorist threats continue at the northern border, this time the threat also is connected to the World Cup and the Iranian National Guard Corps....