{"id":43171,"date":"2025-08-12T00:45:54","date_gmt":"2025-08-12T00:45:54","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-delays-china-tariff-hike-for-another-90-days\/"},"modified":"2025-08-12T00:45:54","modified_gmt":"2025-08-12T00:45:54","slug":"trump-delays-china-tariff-hike-for-another-90-days","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-delays-china-tariff-hike-for-another-90-days\/","title":{"rendered":"Trump delays China tariff hike for another 90 days"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>President Trump on Monday signed an executive order delaying a set of sky-high tariffs on Chinese goods for at least 90 days, extending a ceasefire in the U.S.-China trade war, the White House announced.<\/p>\n<p>The president&#8217;s order will keep tariffs at 30% \u2014 the level that was <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/us-china-tariffs-deal-90-days-trump-admin-trade-talks-progress\/\" data-invalid-url-rewritten-http=\"\">set in mid-May<\/a><\/span>, when both countries agreed to temporarily back off a set of tit-for-tat tariffs that exceeded 100%. That agreement was set to expire Tuesday, and without an extension, levies on some Chinese goods could have leaped to at least 80%, U.S. Trade Representative Jamieson Greer <a href=\"https:\/\/www.politico.com\/news\/2025\/07\/29\/us-china-trade-00481958\" target=\"_blank\" rel=\"nofollow noopener\">has<\/a> said.<\/p>\n<p>The order says the U.S.&#8217;s &#8220;reciprocal&#8221; tariff on Chinese goods will remain at 10% until at least Nov. 10. An additional 20% tariff on China that was imposed earlier this year due to fentanyl trafficking is\u00a0<a href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/03\/further-amendment-to-duties-addressing-the-synthetic-opioid-supply-chain-in-the-peoples-republic-of-china\/\" target=\"_blank\" rel=\"nofollow noopener\">also still in place<\/a>, bringing the total rate to 30%.<\/p>\n<p>China&#8217;s Commerce Ministry <a href=\"https:\/\/www.mofcom.gov.cn\/xwfb\/rcxwfb\/art\/2025\/art_0453aabb67694e04a9eef99753d0f161.html\" target=\"_blank\" rel=\"nofollow noopener\">said in a statement<\/a> it will maintain a 10% tariff on U.S. goods.<\/p>\n<p>&#8220;The United States and China have engaged in multiple rounds of productive negotiations to address trade reciprocity and national security concerns,&#8221; the White House said in a fact sheet announcing the extension.<\/p>\n<p>Commerce Secretary Howard Lutnick said last week that China and the U.S. were &#8220;likely&#8221; to agree to a 90-day extension as the two countries seek to negotiate a longer-term trade deal. Mr. Trump told reporters earlier Monday those negotiations were going &#8220;quite nicely.&#8221; Representatives from both sides <a href=\"https:\/\/apnews.com\/article\/us-china-trade-stockholm-tariffs-bessent-lifeng-2cffb7de31169afc8de0c02bedb4683a\" target=\"_blank\" rel=\"nofollow noopener\">met in Stockholm<\/a> late last month.<\/p>\n<p>Greer <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/transcript-us-trade-representative-jamieson-greer-face-the-nation-with-margaret-brennan-aug-3-2025\/\" data-invalid-url-rewritten-http=\"\">told<\/a><\/span> CBS News&#8217; &#8220;Face the Nation with Margaret Brennan&#8221; earlier this month that &#8220;I don&#8217;t think anyone wants to see&#8221; high tariffs on China snap back.<\/p>\n<p>&#8220;We&#8217;re working on some technical issues, and we&#8217;re talking to the president about it,&#8221; Greer said. &#8220;I think it&#8217;s going in a positive direction.&#8221;<\/p>\n<p>A return to high tariffs <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/china-exports-to-us-drop-sharply\/\" data-invalid-url-rewritten-http=\"\">could have caused<\/a><\/span> U.S. imports of Chinese goods to plummet, disrupting trade between the world&#8217;s two largest economies. In mid-April, when tariffs on Chinese imports still stood at 145%, the Trump administration <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-administration-china-tariff-task-force\/\" data-invalid-url-rewritten-http=\"\">planned<\/a><\/span> for possible supply chain disruptions.\u00a0<\/p>\n<p>China was the U.S.&#8217;s third-largest trading partner last year, not counting the European Union. The U.S. imported $438.9 billion in Chinese goods and China imported $143.5 billion in American goods, according to U.S. <a href=\"https:\/\/www.census.gov\/foreign-trade\/statistics\/highlights\/top\/top2412yr.html\" target=\"_blank\" rel=\"nofollow noopener\">government data<\/a>.<\/p>\n<p>Mr. Trump first hit China with <a href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2025\/04\/Annex-I.pdf\" target=\"_blank\" rel=\"nofollow noopener\">34% tariffs<\/a> in early April, one of dozens of countries to face hefty &#8220;reciprocal&#8221; levies. The president argues tariffs could boost U.S. manufacturers and correct what he views as unfair trade practices, but many economists warn Mr. Trump&#8217;s trade strategy could lead to higher consumer prices and more sluggish economic growth.<\/p>\n<p>The president quickly paused his April tariffs for most countries, and <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-trade-deals-tariffis-deadline\/\" data-invalid-url-rewritten-http=\"\">reinstated them<\/a><\/span>, often at substantially lower levels, last week. But the China levies remained in place for more than a month and drew retaliation from Beijing, ultimately pushing U.S. tariffs on Chinese goods to 145% and Chinese tariffs on American goods to 125%.<\/p>\n<p>The two countries agreed to ease the tariffs for at least 90 days in May, buying more time for Mr. Trump and Chinese leader Xi Jinping&#8217;s teams to negotiate a trade deal. Since then, the U.S. has charged 30% tariffs and China has charged 10%.<\/p>\n<p>The talks have occasionally proven contentious. Earlier this year, the two countries <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/us-china-trade-talks-in-london-enter-their-second-day-2\/\" data-invalid-url-rewritten-http=\"\">feuded<\/a><\/span> over Beijing&#8217;s restrictions on rare earth mineral exports, Washington&#8217;s restrictions on advanced semiconductors and the Trump administration&#8217;s crackdown on international students from China. Mr. Trump <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-china-violating-trade-agreement-tariffs-truth-social\/\" data-invalid-url-rewritten-http=\"\">accused China<\/a><\/span> of violating the terms of the May truce \u2014 though both countries reached a deal to ease some of those tensions in June. And on Sunday, Mr. Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/115007977998503665\" target=\"_blank\" rel=\"nofollow noopener\">pushed<\/a> China to quadruple its imports of U.S. soybeans.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/joe-walsh\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Joe  Walsh<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Joe Walsh is a senior editor for digital politics at CBS News. Joe previously covered breaking news for Forbes and local news in Boston.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/trump-china-tariff-extension-90-days-trade-war\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump on Monday signed an executive order delaying a set of sky-high tariffs on Chinese goods for at least<\/p>\n","protected":false},"author":1,"featured_media":43172,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-43171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump delays China tariff hike for another 90 days - World News<\/title>\n<meta name=\"description\" content=\"President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/site.itshrt.com\/worldnews\/trump-delays-china-tariff-hike-for-another-90-days\/\" \/>\n<meta property=\"og:locale\" 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