Trump delayed the snapback of high U.S. tariffs on Chinese goods for 90 days, extending the deadline to mid-November, according to CNBC. Trump signed an executive order hours before the tariffs were set to resume, extending the deadline until mid-November. The delay followed late-July trade talks in Stockholm between U.S. and Chinese negotiators. Trump raised tariffs on Chinese imports to 145% in April, prompting China to retaliate with 125% duties on U.S. goods. In May, both sides agreed to pause most tariffs, reducing U.S. duties to 30% and China’s to 10%. Trump urged China to quickly quadruple its U.S. soybean orders to help reduce its trade deficit with the U.S.
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