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The United States has extended the tariff period on China by 90 days
It was reported that US President Trump signed an executive order to postpone the original plan to impose tariffs on Chinese products by another 90 days, extending the deadline to November 10, 2025.
In late July, US Treasury Secretary Scott Besant held a two-day discussion with Chinese trade negotiator Li Chenggang in Stockholm, a decision that the market had anticipated earlier.
Some market players said that if the deadline is not extended, tariffs between the two countries will return to their peak levels in April 2025. The tariff rate imposed by the United States on Chinese goods is 145%, while China imposes a tariff rate of 125% on American goods.
At present, the United States imposes a 30% tariff on goods imported from China, while China imposes a 10% tariff on goods imported from the United States.
In late July, US Treasury Secretary Scott Besant held a two-day discussion with Chinese trade negotiator Li Chenggang in Stockholm, a decision that the market had anticipated earlier.
Some market players said that if the deadline is not extended, tariffs between the two countries will return to their peak levels in April 2025. The tariff rate imposed by the United States on Chinese goods is 145%, while China imposes a tariff rate of 125% on American goods.
At present, the United States imposes a 30% tariff on goods imported from China, while China imposes a 10% tariff on goods imported from the United States.
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