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
Trump admin still releasing minors into U.S., well below Biden era
TrumpRx expanding, offering generic prescription drugs
Trump pauses planned military strikes against Iran, cites further negotiations
Consumer advocates say Nicor’s rate hike is unreasonable, profit-driven
Johnson’s office counters Pritzker claim Chicago mayor ‘has no plan’ to keep Bears
Pritzker: Trump war to blame for high gas prices
Proposed law would require women’s restroom on construction sites
Illinois Quick Hits: Independent candidate filing period opens
Will County Executive Committee Splits on Whether to Ask Voters About Single-Member Districts
Will County Departments to Stop Accepting Pennies, Rounding Down Cash Transactions
Legislative Committee: Federal Update Highlights $79 Billion ICE Funding and DHS Reconciliation
Illinois lawmaker calls for Aurora mayor’s resignation over alleged ICE ‘doxxing’