Trump Extends China Tariff Pause: What Next for Trade Negotiations?

President Trump has granted U.S.-China trade negotiations more time. His executive order, signed on Monday, delays the return of high tariffs on Chinese goods, pushing back the deadline to November 9th. Without it, tariffs would have surged back to their April peak of 145%. This pause prevents immediate economic shockwaves as talks continue. Current rates of 30% on Chinese imports and 10% on U.S. goods will remain for now. 2023 has seen an unusual dance between the two countries, with Trump’s actions often changing course unexpectedly. This extension allows businesses to operate without sudden cost hikes as negotiations unfold.