Trump delays China tariff hike, extends truce 90 days, according to US media
WASHINGTON, Aug 12 — US President Donald Trump has reportedly signed an order Monday to delay the reimposition of higher tariffs on Chinese goods, hours before a trade truce between Washington and Beijing was due to expire.
The halt on steeper tariffs will be in place for another 90 days, the Wall Street Journal and CNBC reported, citing Trump administration officials. The White House did not respond to queries on the matter.
While the United States and China slapped escalating tariffs on each other’s products this year, bringing them to prohibitive triple-digit levels and snarling trade, both countries in May agreed to temporarily lower them.
Their 90-day halt of steeper levies was due to expire Tuesday.
