US EditionTrump signs order extending China tariff truce by 90 days, White House says
UNITED STATES, AUG 12 – The 90-day tariff extension maintains 30% U.S. duties on Chinese imports and aims to prevent trade escalation while negotiations address intellectual property and market access issues.
- On Monday, U.S. President Donald Trump signed an executive order delaying higher tariffs on China for 90 days until Nov. 9.
- Following Geneva and Stockholm discussions, the U.S. and China agreed a 90-day pause in May by lowering tariffs to 30% and 10%.
- Having taken an $800 million hit from tariffs in Q3, Apple’s extension offers flexibility to source iPhone units from China during its fiscal Q4.
- Following the extension, Bitcoin prices bounced on cryptocurrency exchanges, with Arthur Hayes noting a bullish market sentiment.
- Allowing for a visit, the extension may clear the way for Trump to meet President Xi Jinping in late October, facilitating potential talks this year.
178 Articles
178 Articles
The US continues to put its increased tariffs on Chinese imports.
US and China agree to critical extension, preventing tariff surge on the world's two largest economies
The United States and China agreed to pause tariff hikes on each other's goods for an additional 90 days, according to an executive order signed by President Donald Trump on Monday (Tuesdat AEST).Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world's two largest economies.The news, first reported by CNBC, comes hours ahead of a 12.01am…
Shortly before the end of a pause for new tariffs on imports from China, US President Trump decides: it will be extended.
Broomfield Enterprise
U.S. and China extend trade truce another 90 days, easing tension between world’s largest economies
By PAUL WISEMAN and DIDI TANG WASHINGTON (AP) — President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies. Related Articles Trump’s moves toward taking over Washington are unprecedented. Here’s what the law says Trump nominates conservative economist to head agency that compiles jobs, inflation dat…
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