Donald Trump signed an order to delay imposing high tariffs on Chinese goods for another 90 days. This decision was announced just hours before the earlier deadline was about to pass. It stops U.S. taxes on Chinese imports from going back to the highest levels seen in April.
At that time, U.S. tariffs on Chinese goods were at 145 percent, and China had reacted by putting 125 percent taxes on American products. The new deadline, now set for mid-November, was the expected outcome after the most recent trade discussions between U.S. and Chinese officials.
