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
D122 to Spend $24,950 on Professional Enrollment Forecast
Manhattan Police Report
JJC Trustees Approve Contentious FY26 Budget After Heated Debate, Failed Postponement
Lincoln Way District 210 Approves $2.1 Million Budget Amendment, Maintains Strong Financial Position
JJC’s ‘12x12x12’ Initiative Boosts College Credits, Increases Matriculation Rate
District 210 Approves Administrative Restructuring, Staff Salary Increases
JJC Board Meeting Highlights Tensions Over Legal Bills, Trustee Conduct
Students, Trustees Emphasize Importance of Inclusivity and Flag Raisings at JJC
L-W School Board June 26 Meeting Briefs
JJC Embarks on New 10-15 Year Facilities Master Plan Process
Meeting Summary: Joliet Junior College Board of Trustees for June 25, 2025
Will County Board Halts Transportation Plan After Contentious 143rd Street Debate