Trump delays the raising of China’s tariff for another 90 days

On Monday, President Trump signed an executive order to delay a set of high customs tariffs on Chinese goods for at least 90 days, which extends to the ceasefire in the US -Chinese trade war, the White House announced.

The president’s order will retain the tariffs by 30 % – the level that was Appointment in mid -MayWhen both countries agreed to temporarily retract a set of customs tariffs that exceed 100 %. This agreement is scheduled to end on Tuesday, and without extension, some Chinese goods could have approached at least 80 %, American trade representative Jamieson Greer He has He said.

It says the US “mutual” tariff for Chinese goods will remain at least 10 % until November. It is still in placeThe total rate of 30 %.

Chinese Ministry of Commerce He said in a statement It will maintain a 10 % tariff on American goods.

“The United States and China participated in multiple rounds of productive negotiations to address concerns about the reciprocity and national security,” the White House said in the extension newspaper.

Trade Minister Howard Lootnick said last week that China and the United States “are likely to agree” to an extension of 90 days, as the two countries seek to negotiate a long -term trade deal. Mr. Trump told reporters earlier that these negotiations were “very good.” Representatives from both sides He met Stockholm Late last month.

Jarir He said “I don’t think anyone wants to see” a high tariff for China.

“We are working on some technical issues, and we are talking to the president,” Jarir said. “I think he is moving in a positive direction.”

Return to high definitions It can cause The United States’ imports of Chinese goods are a decline, which leads to the disruption of trade between the two largest economies in the world. In mid -April, when the definitions of Chinese imports still stand by 145 %, the Trump administration Scheme For possible disorders of the supply chain.

China was the third largest commercial partner in the United States last year, not to count the European Union. The United States imported $ 438.9 billion of Chinese goods and China importing $ 143.5 billion of US goods, according to the United States Government data.

Mr. Trump struck China for the first time 34 % definitions In early April, one of the dozens of countries to face the “mutual” prominent drawings. The president argues that definitions can enhance American manufacturers and correct what is seen as unfair commercial practices, but many economists warn of Mr. Trump’s strategy to lead to high prices of consumers and more slowdown economic growth.

The President soon stopped the April tariff for most countries, and ReturnOften at much lower levels, last week. But Chinese fees remained valid for more than a month and drew revenge on Beijing, which eventually prompted the American tariffs to Chinese goods to 145 % and Chinese definitions on American goods to 125 %.

The two countries agreed to reduce the customs tariffs for at least 90 days in May, where they bought more time for the teams of Mr. Trump and Chinese leader Xi Jinping to negotiate a commercial deal. Since then, the United States has paid 30 % tariff fees, and China has paid 10 %.

The conversations have sometimes proven controversial. Earlier this year, the two countries dispute Beijing’s restrictions on rare metal exports, Washington’s restrictions on advanced semiconductors and the Trump administration’s suppression of international students from China. Mr. Trump He accused China From the violation of the Testament of May – although both countries reached a deal to alleviate some of these tensions in June. On Sunday, Mr. Trump I pushed China for a quarter of its imports of US soybeans.