Trump's week in review: DC takeover to reduce crime, 'Pursuing Peace' summit with Putin

3. Trump extends pause on reciprocal tariffs for China

In a statement on Monday, Trump announced that he was extending the pause on the implementation of heightened reciprocal tariffs on China for an additional 90 days in light of ongoing “discussions with the [People’s Republic of China] to address the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns.”

Trump maintained that “the PRC continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States.”

Trump’s institution of the extended pause on reciprocal tariffs came just hours before the suspension was set to expire at midnight on Tuesday. Reciprocal tariffs on China are now suspended through midnight on Nov. 10. 

Trump imposed reciprocal tariffs of 125% on Chinese goods in April after the Asian nation imposed retaliatory tariffs on American goods in response to the president’s implementation of a much lower reciprocal tariff of 34%. As part of an agreement reached between the two countries in May, both countries agreed to reduce tariffs on each other’s goods by 125%. 

As indicated in a White House fact sheet about the latest tariff pause extension, the 10% tariff on Chinese goods will remain in effect for the next 90 days. According to the White House, the 10% tariff “sets a fair baseline to encourage domestic production, strengthen our supply chains, and ensure that American trade policy supports American workers first, instead of undercutting them.”