President signs executive order extending deadline for higher tariffs hours before agreement was due to expire

 

 

Donald Trump once more postponed sweeping tariffs on China, announcing a further 90-day delay just before the deadline. On Monday, Trump signed an executive order extending the higher tariffs on China until 10 November, as confirmed by officials.

 

Earlier in the day, Chinese officials had hoped for “positive” trade outcomes, with the 90-day pause brokered in May about to expire. In response to Trump’s decision, China’s commerce ministry announced it would also suspend additional tariffs on US goods for the same duration.

 

China will maintain tariffs at 10% on US goods and take steps to address non-tariff barriers impacting American exports. Lin Jian, a foreign ministry spokesman, expressed a desire for mutual cooperation based on equality and respect.

 

While Chinese and US officials anticipated the pause extension after last month’s trade talks in Stockholm, the stakes remain high. Trump has threatened tariffs of up to 245%, with China prepared to retaliate with tariffs as high as 125%, risking a full-scale trade conflict.

 

On TruthSocial, Trump insisted China should quadruple its soybean purchases from the US to address the trade imbalance. At present, US goods face tariffs up to 30% when entering China, whereas Chinese products incur a baseline tariff of 10% in the US, with added charges linked to fentanyl smuggling allegations.

 

The Federal Reserve and economists argue these tariffs will inflate US prices. According to Goldman Sachs, US consumers have shouldered 22% of these costs, a figure expected to reach 67% under current trajectories.

 

Additionally, Nvidia and AMD, key chipmakers, agreed to pay the US government 15% of their Chinese revenue in exchange for export licenses. Stephen Olson, a former US trade negotiator, described this as a “monetization of US trade policy,” raising concerns about the implications for international commerce.

Both nations are under pressure to reach a lasting accord, as continued delays could lead to economic instability on a global scale. As tensions simmer, the world watches closely, hoping for resolutions that benefit both economic giants without further strains on the international market.

 

 

  Adapted by ASEAN Now from The Express 2025-08-12

 

Taco Tuesday.

 

 

Another day. another TACO.

39 minutes ago, billd766 said:

Another day. another TACO.

Yes, nothing else expected from the orange TACO.

For whom the Taco Bell tolls.

Easily the worst negotiator EVER.

 

No wonder he ran so many businesses into the ground.

 

 

59 minutes ago, CharlieH said:

Trump insisted China should quadruple its soybean purchases from the US to address the trade imbalance.

 

China now gets the majority of their soybeans from Brazil, and can in fact get their whole supply from South America.

1 hour ago, CharlieH said:

Trump insisted China should quadruple its soybean purchases from the US to address the trade imbalance.

 

No, thank you.

 

That other BRICS member you raised tariffs on to punish them for investigating a coup attempt is providing "safe and effective" non-GMO soy to China..........and coffee.

 

US GMO-soy is considered unfit for human consumption, and is used exclusively as pig fodder.

TACO Tuesday 

1 hour ago, CharlieH said:

Nvidia and AMD, key chipmakers, agreed to pay the US government 15% of their Chinese revenue in exchange for export licenses.

 

"Noice export bid'niss youse gots dere.  Be a real shame if anyting happen't to it!"

3 minutes ago, NoDisplayName said:

 

No, thank you.

 

That other BRICS member you raised tariffs on to punish them for investigating a coup attempt is providing "safe and effective" non-GMO soy to China..........and coffee.

 

US GMO-soy is considered unfit for human consumption, and is used exclusively as pig fodder.

Who eats the pork that eats the fodder?

9 minutes ago, Patong2021 said:

Who eats the pork that eats the fodder?

 

Are you implying you yourself eat animal feed?

 

Bugs, if you got 'em.

 

 

Trump, what a see you next taco of a guy.

40 minutes ago, NoDisplayName said:

 

No, thank you.

 

That other BRICS member you raised tariffs on to punish them for investigating a coup attempt is providing "safe and effective" non-GMO soy to China..........and coffee.

 

US GMO-soy is considered unfit for human consumption, and is used exclusively as pig fodder.

I was not aware of that, although what I read is that is 70% of the GMO crop is used for animal feed.  

46 minutes ago, NoDisplayName said:

 

No, thank you.

 

That other BRICS member you raised tariffs on to punish them for investigating a coup attempt is providing "safe and effective" non-GMO soy to China..........and coffee.

 

US GMO-soy is considered unfit for human consumption, and is used exclusively as pig fodder.

 

 

Would that have been Spain?

 

 

7 minutes ago, Hawaiian said:

I was not aware of that, although what I read is that is 70% of the GMO crop is used for animal feed.  

 

China currently disallows the planting of GM food and feed crops, relying significantly on the import of transgenic corn, soybean and other oil crops; 85% of the soybeans it imports are genetically modified, used mostly for animal consumption.

https://crispr-gene-editing-regs-tracker.geneticliteracyproject.org/china-crops-food/

5 minutes ago, Will B Good said:

 

 

Would that have been Spain?

 

 

 

C'mon, man!

 

Everyone knows BRICS stands for Boston, Road Island, Cofveve, S.

Yeah, had this on my Bingo card. Then again, EVERYONE had this on their Bingo card.

4 minutes ago, HappyExpat57 said:

Yeah, had this on my Bingo card. Then again, EVERYONE had this on their Bingo card.

 

Here's my Trump regime bingo card...........Winning!

 

Taco man will not win any trade wars with the major trading partners period. They have the cards not Trump. Trump will never be able to narrow the trade deficit. US exports are down as major partners are not buying from US and the service industry is struggling, 

 

Two hours and nary a peep from the forum's MAGAnistas?

 

But maybe they had a heavy session last night.

3 minutes ago, NanLaew said:

Two hours and nary a peep from the forum's MAGAnistas?

 

But maybe they had a heavy session last night.

Yes, a bottle of Champaign to celebrate another TACO day.

2 minutes ago, NanLaew said:

Two hours and nary a peep from the forum's MAGAnistas?

 

But maybe they had a heavy session last night.

 

 

Been poring over maps looking for Alaska?......Trump's land swap......private sale?

2 hours ago, CharlieH said:

 

Additionally, Nvidia and AMD, key chipmakers, agreed to pay the US government 15% of their Chinese revenue in exchange for export licenses.

No, given this was all about "national security", Donald is selling US national security out for 15% cut.

Three hours already?

 

Where's @riclag when you need a fair and balanced opinion on this?

4 minutes ago, NanLaew said:

Three hours already?

 

Where's @riclag when you need a fair and balanced opinion on this?

He's permanently glued for the Department of Homeland Security propaganda channel so waiting for them to announce China is a bunch of losers and Trump has secured the bigliest bestiest tarrif pause in the HISTORY of tarrif pauses, no-one can ever pause tarrifs as well he he can. This is a win for all Americans.

TACO

2 hours ago, NanLaew said:

Two hours and nary a peep from the forum's MAGAnistas?

 

But maybe they had a heavy session last night.

Enjoying the acronym syndromers circle jerk too much to stick a oar into the salty pot of tears? 

 

If Trump haters don't understand negotiating tactics and power plays we will just enjoy the tantrum🤣

4 minutes ago, SunnyinBangrak said:

Enjoying the acronym syndromers circle jerk too much to stick a oar into the salty pot of tears? 

 

If Trump haters don't understand negotiating tactics and power plays we will just enjoy the tantrum🤣

My way or the highway is not negotiation.  

1 hour ago, SunnyinBangrak said:

Enjoying the acronym syndromers circle jerk too much to stick a oar into the salty pot of tears? 

 

If Trump haters don't understand negotiating tactics and power plays we will just enjoy the tantrum🤣

 

Four hours to flush the first 90-day taco lover out. How did that last 90-day Chinese taco taste?