An executive order signed by President Trump on August 11 has the US extending China’s tariff pause. Originally set to start this week, the higher tariffs for imports from each country will begin on November 10. The US will keep its levies on Chinese goods at 30% while China will keep its 10%. Both countries have been in a trade war since 2018, during Trump’s first presidency. The trade war escalated significantly over the last few months during his second presidency after Trump imposed more tariffs. After several back-and-forth levies, the total amount for Chinese imports reached 145% while China reached 125% on US imports. This article will explain the goal behind the extension and how it could impact your shipment. Why Did the US Extend the Deadline? Extending the deadline is to act as a breather, giving both countries a temporary ceasefire. On May 12, both countries entered a similar agreement to pause tariffs that would reach triple digits . The current extension provi...
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