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Trump extends China tariff deadline by 90 days

CNBC · Older
CNBC
CNBC
Older

President Donald Trump has signed an executive order that will prevent high U.S. tariffs on Chinese goods from snapping back into effect for another 90 days, a White House official told CNBC.

Breakdown
  • The US president has signed an executive order to extend the China tariff deadline by 90 days. 10s
  • The executive order is expected to be released publicly soon. 15s
  • The decision follows trade negotiations in Sweden between the US Treasury Secretary and Chinese officials. 26s
  • The extension comes just before a tariff snapback was set to occur. 45s
  • The president recently urged China to increase purchases of US soybeans. 55s
International PoliticsEconomy

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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.