From PC Mag: President Trump has delayed high US tariffs on Chinese imports by another 90 days, taking the new deadline to mid-November. China followed suit and delayed its own tariffs before the end of the August 11 deadline, as confirmed by CNBC.
The new deadline is November 10, which if not further delayed will see import taxes of up to 145% on Chinese goods entering the US. China has threatened 125% reciprocal tariffs on US goods entering its country.
Both nations have delayed the deadline to continue with trade negotiations. Representatives from the US and China met for trade talks in late July in Stockholm, Sweden, where it’s thought progress on a deal was made.
At the time, US Treasury Secretary Scott Bessent used social media network X to say, “I believe that we have the makings of a deal that will benefit both of our great nations.” The post has since been deleted. Bessent also told CNBC that President Trump has the “final say on all trade deals.”
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