Trump extends China tariff deadline for an additional 90 days: Report
US President Donald Trump has signed an government order extending the China tariff deadline for an additional 90 days, CNBC reported on Monday, citing a White Home official.
The tariff truce between Beijing and Washington was set to finish at 12:01 AM on August 12 (04:01 GMT), however the Trump administration had signalled the deadline might be prolonged.
The anticipated delay within the tariff deadline got here after the most recent spherical of negotiations between US and Chinese language commerce officers in Stockholm final month. With out an extension, US tariffs on Chinese language items would have reverted to their peak ranges seen in April throughout the top of the commerce battle.
The 2 nations had initially agreed in Could to droop most tariffs for 90 days following talks in Geneva.
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