Trump signs order extending China tariff truce by 90 days, White House official says
US President Donald Trump has signed an executive order extending a tariff truce with China by another 90 days, a White House official said on Monday with only hours to go before US tariffs on Chinese goods were due to snap back to triple-digit rates.
A tariff truce between Beijing and Washington was set to expire Tuesday at 00.01 ET (04.01 GMT). The order prevents US tariffs on Chinese goods from shooting up to 145%, with Chinese tariffs on US goods set to hit 125%, rates that would have resulted in a virtual trade embargo. "We'll see what happens," Trump has said when asked how he planned to extend the deadline. "They've been dealing quite nicely. The relationship is very good with President Xi and myself."
(This is a Reuters copy)
A tariff truce between Beijing and Washington was set to expire Tuesday at 00.01 ET (04.01 GMT). The order prevents US tariffs on Chinese goods from shooting up to 145%, with Chinese tariffs on US goods set to hit 125%, rates that would have resulted in a virtual trade embargo. "We'll see what happens," Trump has said when asked how he planned to extend the deadline. "They've been dealing quite nicely. The relationship is very good with President Xi and myself."
(This is a Reuters copy)
Top Comment
V
Vivek Bharathi
2 hours ago
What makes China tax exempt when India has been charged 50%? What made US to invite and decorate Asim Munir while ignoring India? What makes Asim Munir to issue threats to India on US soil? It's a utter complete failure of Modi government. Totally useless in foreign diplomacy. But the government likes chest thumping and self praise on literally every matter. Read allPost comment
Popular from World
- 'Countering terrorism': US designates Balochistan Liberation Army terror outfit; decision after Asim Munir's visit
- I can't date a...: Kash Patel's girlfriend Alexis Wilkins breaks silence on 19-year age gap with FBI director
- 'Shut up, big nose': Indian couple harassed in Canada by youngsters, Peterborough sports group takes action
- 'Not risking my career': United Airlines pilot refuses to fly after passenger smokes weed on plane, fears positive drug test from second-hand marijuana
- 'I will know in minutes if we can make deal': Donald Trump on meeting with Vladimir Putin; talks on Russia-Ukraine peace deal
end of article
Trending Stories
03:11 How much Cristiano Ronaldo’s engagement ring for Georgina Rodriguez really costs?- Kylie Kelce’s heartfelt sideline gesture becomes the most talked-about moment of the NFL weekend
- Russell Wilson's wife Ciara becomes first descendants of enslaved Africans to receive Benin citizenship under historic new law
- Mahomes gets family, brother Jackson’s support after preseason benching
- Georgina Rodríguez Engaged to Cristiano Ronaldo After 9 Years — Inside Their Love Story, Family, and Glamorous Life
- Tyreek Hill, ex Keeta Vaccaro rush baby Capri to ER; now recovering
- I can't date a...: Kash Patel's girlfriend Alexis Wilkins breaks silence on 19-year age gap with FBI director
Featured in world
- ‘Remember October 7’: Donald Trump backs Israel's military plan after 'a good call' with Netanyahu; says Hamas ‘can’t stay’ in Gaza
- Watch: Plane carrying 4 crashes at Montana airport; large fire erupts
- Australia to recognise Palestinian state, says Albanese; NZ mulling move
- Texas target shooting: Two dead in open firing inside store, suspect in custody
- Trump signs order extending China tariff truce by 90 days, White House official says
- 'Shut up, big nose': Indian couple harassed in Canada by youngsters, Peterborough sports group takes action
Visual Stories
- Mahima Nambiar Stuns with Her Effortless Style
- Jasmin Bhasin ups the glam quotient
- Nehha Pendse owns casual style with ease
- Rajinikanth's most impressive looks over the years
- From ‘Thalapathi’ to ‘Jailer’: Rajinikanth action films to binge before ‘Coolie’
Photostories
- 7 impressive monuments in North India that tell timeless stories
- The 5 biggest diabetes lies you have been told
- 7 Lesser-known local Indian berries and where they are found
- Two star kids, a director’s exit, and a blockbuster soundtrack – A debut marked by drama and success
- 5 stunning pink lakes in Australia that look too good to be true
- From Gokarna to Varkala — 8 beautiful coastal towns of India that are a must-visit in this lifetime
- Tamannaah Bhatia to Alia Bhatt: Backless blouse designs to steal from Bollywood actresses
- Why is the sky blue?” and 5 other questions kids answer in the funniest ways
- Sita Raman, Geethanjali, Tholi Prema: Romance in South films redefined across generations with changing hearts and hopes
- Unforgettable Bollywood mothers who defined love, sacrifice, and strength through powerful performances
Top Trends
Up Next