Trump Tariff Tweak: US Postpones China Duty Delay
The Trump administration has once again postponed the implementation of the 145 percent tariff on Chinese goods. Following a police briefing in Washington, a White House official, speaking to CNBC on condition of anonymity, revealed that a new executive order has extended the tariff delay by an additional 90 days. This pushes the new deadline to mid-November. Reported by The Verge.
Previously, the same tariff imposition had been deferred for 90 days on May 12.
Amid escalating US-China trade tensions, this decision carries significant weight. Experts believe the postponement may open the door for potential negotiations between the two nations and provide some relief to American businesses and consumers.
However, if the tariffs are enforced after the new deadline, they could have a major impact on both countries’ economies.
