Trump Extends China Tariff Pause: Businesses Gain 90-Day Reprieve as Trade Negotiations Continue Through November cover art

Trump Extends China Tariff Pause: Businesses Gain 90-Day Reprieve as Trade Negotiations Continue Through November

Trump Extends China Tariff Pause: Businesses Gain 90-Day Reprieve as Trade Negotiations Continue Through November

Listen for free

View show details

About this listen

 Listeners, here’s the latest on the US-China tariff front: President Donald Trump just signed an executive order extending the current 30% tariff rate on most Chinese imports for another 90 days. Instead of seeing tariffs snap back to much higher rates this week, businesses trading across the Pacific will get a reprieve, with the new deadline set for November 10. The White House made the news official late Monday, confirming reports from ASI and Bloomberg that this “pause” lets both sides continue their trade negotiations without escalating duties.

This extension follows the truce struck back in May that scaled tariffs down significantly—from over 145% on some Chinese goods to the current 30%. Without this latest move, tariff rates could have soared back up to 80% or more, jeopardizing supply chains and pricing stability for US importers, especially in key sectors like technology accessories and promotional products, according to ASI Media and Bloomberg.

On the American side, earlier tariffs under Section 301 and other authorities remain in effect for many product categories, meaning some duties are still as high as 25%. China, meanwhile, is holding its reciprocal tariffs on US goods at 10%. Recent signs suggest both the US and China are showing more flexibility, with China reportedly taking “significant steps” to address concerns about trade imbalances and market access. The White House says that’s why the extension was justified, and talks are expected to continue into the fall.

Industry stakeholders, from importers to manufacturers, are breathing a sigh of relief that the tariff panic has eased—for now. Jeff Roberts, CEO of iClick, told ASI Media that while the impact in China may be stronger than in the US, the extension creates some marketplace stability for the remainder of 2025. Still, uncertainty lingers: the “de minimis” exemption, which lets low-value goods come in tariff-free, is due to end on August 29. That could impact smaller distributors who rely on direct factory orders from China.

One more wrinkle: Trump’s push for “reciprocal tariffs” hit not just China but other major sourcing nations like India and Vietnam, with those new rates taking effect earlier this month. But for the main US-China trade battle, all eyes are on what happens before the November deadline. US Treasury Secretary Scott Bessent notes both sides will meet again this fall, and the US-China Business Council argues the extension is critical for business planning and a possible comprehensive agreement.

That’s the latest on US-China tariffs—a moving target as always, but for now, importers and exporters have a few more months of relative certainty. Thanks for tuning in to China Tariff News and Tracker. Be sure to subscribe for future updates.

This has been a Quiet Please production, for more check out quietplease dot ai.

For more check out https://www.quietperiodplease.com/

Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.