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
Illinois Quick Hits: Surveys continue after tornadoes, severe weather
Trump floats USMCA exit; Midwest motorists, refineries could see hardship
Presidential poll numbers show Pritzker at 2%
Illinois Quick Hits: Tornadoes, storms cause damage, outages
Cook County offers loans after latest tax bill delays
Illinois Quick Hits: Storms cause damage, closures
Extension of pension buyout program to drop $144B liability
Schools face bus funding, cost challenges
‘Family Month’ backer cites biology, declining birth rates in defense of resolution
Aldermen say lawmakers failed to address illegal cannabis sales near schools
Illinois Quick Hits: Oak Park woman charged with child care fraud
Florida attorney general appeals Chicago judge’s ‘lawless’ transgender ruling