Trump Grants 90-Day Extension on China Tariffs Amid Ongoing Negotiations

President TRUMP has signed an executive order delaying the implementation of additional tariffs on Chinese imports for another 90 days, pushing the deadline to November 9. The move maintains current tariff rates of 30% on Chinese goods and 10% on American products, averting a return to higher triple-digit levels. Sector-specific tariffs on items like steel and medical supplies remain in place, keeping effective rates elevated.

The extension comes as both sides continue negotiations, with discussions of a potential face-to-face meeting between Trump and Chinese President Xi Jinping later this year. The WHITE House has yet to comment on the reported order.

Meanwhile, Trump has imposed a separate 25% tariff on Indian imports in response to India's consumption of Russian oil, reflecting broader geopolitical tensions influencing trade policy.