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
DHS funding bill teeters as Democrats balk over ICE concerns
House hearing: Fraud goes far beyond Minnesota
Supreme Court hears arguments on Fed firing case
More than 1,000 cases of child care overpayments in Illinois over 5 years
Support for religious freedom up 5 points from 2020, reaching a high of 71
New bill would force DCFS to disclose details on missing children
WATCH: Pritzker says Trump’s first year a failure; Raoul discusses prosecuting fraud
Illinois Quick Hits: Pritzker wants year-round E15 fuel
Report: University diplomas losing value to GenAI
Sanctuary Status Threatens Emergency Management Funding, Draft Report Warns
Board Accepts Retirements and Creates New Administrative Position
WATCH: Reclaiming the Panama Canal could be back on the table