U.S., China pause higher tariffs on each other for another 90 days
CNBC Televisionยท2025-08-12 11:09
Welcome back to Squawkbox. This morning, some trade news for you. The US and China extending their tariff truce for another 90 days.President Trump said on Truth Social, he and uh he had signed an executive order suspending higher tariff rates now until November 10th. Earlier today, China's Commerce Ministries issued a similar pause. US tariffs on Chinese imports will remain at 30% for now. Chinese tariffs on US goods, they're going to stay at 10%.Those had been scheduled to snap back to 145% and 125% respe ...