US Edition90-Day Extension of US-China Tariff Truce Is Likely, US Commerce Secretary Says
UNITED STATES, AUG 7 – US Commerce Secretary Howard Lutnick indicates a 90-day tariff truce extension amid ongoing negotiations as US tariffs on Chinese imports have risen up to 145%, officials said.
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Lutnick says US will likely extend China tariffs another 90 days
U.S. Commerce Secretary Howard Lutnick offered a timely update on America's trade deal with China, saying it's likely that President Donald Trump would extend the trade deadline by another 90 days.When asked by FOX Business' Maria Bartiromo on Thursday whether the trade truce deadline will be extended, he responded, "I do.""I think we're going to leave that to the trade team and to the president to make those decisions. But it feels likely that …
The administration of US President Donald Trump admits that the president will extend the deadline for concluding a trade agreement with China, which expires next Tuesday, for another 90 days, and the US will not impose new tariffs against Chinese imports during this period. — Ukrinform.
This was stated by US Secretary of Commerce Howard Lutnick, Reuters reports. According to him, Washington expects revenue of $50 billion every month thanks to President Donald Trump's tariffs. And then you get semiconductors, you get pharmaceuticals, you get all kinds of additional tariff money,” Lutnik said.At the same time, he allowed the extension of the tariff agreement with China, which expires on August 12. I think we will leave it to the …
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