Trump Delays Tariffs on Chinese Goods Again

President Donald Trump issued an executive order on Monday that postpones the enforcement of tariffs on Chinese products for another 90 days.

This decision came just before the tariffs were set to take effect. Recently, both countries engaged in multiple discussions regarding trade agreements prior to this deadline.

The White House has not provided a comment in response to inquiries.

Trump initially announced these tariffs on April 2, increasing duties on Chinese imports to 54%. This move heightened tensions and led to reciprocal tariff increases between the nations. In May, the US and China agreed on a 90-day pause on these mutual tariffs after officials met in Geneva, where they expected to reduce tariffs. China intended to lower tariffs on US imports to 10%, while the US would reduce tariffs on Chinese goods to 30%.

Recently, Trump’s choice to delay tariffs followed a meeting between the Treasury Secretary and China’s deputy prime minister in late July in Sweden. This was their third meeting within three months, and earlier discussions in Geneva laid the groundwork for potential tariff relief.

While no final agreement with China has been reached, Trump has signed trade agreements with Japan and the European Union. He announced in late July that Japan plans to invest $550 billion in the US and that the EU will refrain from imposing tariffs on American goods.