Key Takeaways
- President Donald Trump has formally extended the deadline for new tariffs on Chinese goods by 90 days through an Executive Order.
- The extension, announced by CNBC citing a White House official, pushes the new tariff deadline to Sunday, November 9th.
- This move provides a temporary reprieve amidst ongoing US-China trade tensions, allowing for further negotiations and preventing the immediate re-imposition of higher duties.
Executive Order Grants 90-Day Tariff Extension
President Donald Trump has signed an executive order extending the deadline for new tariffs on Chinese imports by 90 days. The decision was reported by CNBC, citing a White House official, and comes as trade negotiations between the two economic superpowers continue.
The extension means that the new deadline for the imposition of these tariffs is now Sunday, November 9th. This action was taken just hours before a previous pause on tariffs was set to expire, averting an immediate escalation of the trade conflict.
This 90-day reprieve offers both the United States and China additional time to conduct further discussions aimed at resolving their long-standing trade disputes. The move is seen as an effort to maintain momentum in negotiations and prevent a sudden increase in trade barriers that could impact global markets.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.