President Donald Trump agreed to a temporary tariff truce with China to allow for further negotiations, one that expired on Aug. 12, 2025. Upon that deal’s expiration, Trump agreed to one more 90-day hiatus to continue negotiating with China, as reported by AP News.
America and China now have until Nov. 10, 2025 to agree to a new trade deal; otherwise, Trump has threatened an incredible 145% tariff upon one of our biggest trade partners. A number of American retailers would then be forced to raise their prices, as the Chinese exporters would be forced to do the same to offset the step tariffs, potentially leaving American consumers to pay the difference. Here are two major holiday gifts you should buy now to avoid paying more later.
