President Donald Trump on Monday extended a pause on tariffs against Chinese imports into the United States for another 90 days.
Tariffs were set to resume on China on Tuesday, but Trump signed an executive order to extend the tariff deadline until mid-November.
CNBC reported:
The delay was the expected outcome from the latest round of talks between U.S. trade negotiators and their Chinese counterparts, which took place in Stockholm in late July.
If the deadline were not extended, then U.S. duties on China would have shot back up to where they stood in April, when the tariff war between the world’s largest trading nations was at its peak.
During…
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