Trump Signs Executive Order to Delay China Tariffs

In a move that could ease tensions between the two economic giants, United States President Donald Trump has signed an executive order extending the deadline for imposing tariffs on Chinese imports by 90 days. This decision, reported by CNBC on Monday, comes just a day before the tariffs were set to take effect on August 12.

More Time for Trade Negotiations

The extension provides both nations with additional time to negotiate a trade agreement, potentially avoiding the earlier threatened duties of up to 245%. If confirmed, the new deadline for these tariffs would now be Sunday, November 9.

Trump's Comments on US-China Relations

This development follows recent remarks by President Trump, who described US-China relations as "very nice" but acknowledged ongoing disputes over tariffs. The extension signals a possible thaw in trade tensions, offering hope for a constructive resolution.