President Trump gives China a 90-day extension on tariff pause

President Trump announced another extension on additional tariffs, giving China another 90 days to figure out a deal.

He signed the executive order last night, noting all other details surrounding China will stay the same. This puts the timeline out to early November. Treasury Secretary Scott Bessent says talks with China have been difficult, and says the country has the most imbalanced economy in the history of the modern world.

The 90-day delay came just hours after President Trump encouraged China to buy more American soybeans, which sent beans to a two-week high.

Related Stories
Cattle analysts say the U.S. beef cattle herd rebuild still faces major hurdles despite some minor positive signals noted in certain regions.
President Trump and Treasury Secretary Scott Bessent are expected to discuss commodities, trade and regional stability during meetings in Asia.
Economists say geopolitical headlines and concerns surrounding the Strait of Hormuz are driving volatility
A bipartisan Senate delegation recently traveled to China ahead of President Trump’s meeting in Beijing.
The White House is reportedly moving forward with beef import tariff reductions as officials look to lower food costs for consumers.

LATEST STORIES BY THIS AUTHOR:

FFA Central Region Vice President Claire Woeppel joins FFA Today to share her story and excitement to connect with FFA members nationwide.
NRECA CEO Jim Matheson reacts to the U.S. House’s passage of the SPEED Act, which aims to streamline federal permitting for energy and infrastructure projects, and discusses its potential impact on rural communities.
Cattle markets are watching the Cattle-on-Feed Report for signs of tighter supplies, while USMEF warns limited China access is cutting producer profits.
USDA Undersecretary Luke Lindberg outlines the Farm Bridge Assistance Program and responds to calls from lawmakers and ag leaders for more assistance and expanded trade opportunities for farmers.
Callahan is no stranger to agricultural trade and has been with the U.S. Trade Representative’s office since 2016.
The Pet and Livestock Protection Act now moves to the Senate for consideration.