Brief by Shorts91 NewsDesk / 04:32am on 12 Aug 2025,Tuesday International
China has suspended 24% in additional tariffs on US goods for 90 days starting August 12, following a 90-day extension of the US-China tariff truce announced by President Donald Trump. The move, confirmed by China’s Customs Tariff Commission, retains a 10% ad valorem rate on affected US imports. Trump signed an executive order delaying higher tariffs until November 10, citing ongoing discussions to address trade reciprocity and national security concerns. China also postponed adding US firms to its trade restriction list. The extension provides relief for US retailers ahead of the holiday season, allowing imports of electronics, apparel, and toys at lower tariff rates. (PC: YouTube & The Street)
