Trump extends China tariff deadline by 90 days
KEY POINTS
- 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.
- The order was signed just hours before the pause on Trump’s tariffs was set to expire.
- The delay was the expected outcome from the latest round of talks between U.S. trade negotiators and their Chinese counterparts, which took place in Stockholm in late July.
