President Trump extends pause on China tariff rate for 90 days

Industry News

U.S. President Donald Trump announced Aug. 11 that the tariff on Chinese imports will remain at the same rate—30%—for an additional 90 days. China’s 10% tariff on American imports will also stay at the same rate. The announcement was made shortly before the U.S. tariff on Chinese imports was set to increase to 145%. This …