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First Post
3 minutes ago
- First Post
'We'll see what happens': Trump dodges question on extending August 12 China tariff deadline
US President Donald Trump on Monday dodged a question about whether he would extend the August 12 deadline for imposing higher tariffs on Chinese goods, saying 'we'll see what happens' read more US President Donald Trump on Monday dodged a question about whether he would extend the August 12 deadline for imposing higher tariffs on Chinese goods, saying 'we'll see what happens,' while praising China for its cooperation in ongoing trade talks with the US. 'We've been dealing very nicely with China. As you have probably heard, they have tremendous tariffs that they're paying to the United States of America,' Reuters quoted Trump as saying at a news conference at the White House. STORY CONTINUES BELOW THIS AD 'They've been dealing quite nicely,' he said, adding that he had a good relationship with Chinese President Xi Jinping. A tariff truce between the US and China is set to expire on August 12, though the Trump administration has signaled the deadline could be extended. More from World PM Modi to visit China: Why the trip matters amid Trump's steep tariffs on India Without an extension, US tariffs on Chinese goods are expected to surge to 145%, while Chinese tariffs on American products could reach 125%. The two countries agreed to a 90-day pause in their trade dispute during talks in Geneva this May, allowing time for further negotiations. A follow-up meeting in Stockholm in late July ended without any announcement on extending the truce. US Treasury Secretary Scott Bessent said Washington is making progress and expressed optimism about reaching a deal with Beijing. With the clock ticking, Trump on Sunday night called on China to quadruple its purchases of American soybeans and noted that doing so would help reduce America's trade deficit with China. 'China is worried about its shortage of soybeans,' Trump wrote on Truth Social in a message directed to Xi Jinping, China's leader. 'Our great farmers produce the most robust soybeans,' he added. With inputs from agencies
India.com
3 minutes ago
- India.com
Why is Trump not imposing extra tariffs on China just like India for importing Russian oil? Is he scared? VP Vance admits...
New Delhi: US President Donald Trump imposed 25 percent tariff on India for buying Russian oil. On being asked why he isn't imposing same tariff on China for buying Russian oil, there is no straight answer. Meanwhile, US Vice President JD Vance has admitted that imposing tariffs on China is a very difficult decision. JD Vance has said that after imposing a huge tariff hike on Russian oil imports from India, US President Donald Trump is now considering similar measures against China. But he stressed that deciding to impose tariffs against China would be much more difficult and politically sensitive. Why did Trump not impose tariff on China for importing Russian oil? It is clear from the statement of Vice President JD Vance that Donald Trump is afraid of China's retaliation. In fact, when Trump imposed tariffs on China for the first time, China immediately retaliated and reduced the supply of those rare minerals to America, which are most needed by America's defense industry. The current situation is that American defense companies are struggling to make weapons, and many companies have been forced to extend the delivery date of weapons by two to three months. What did VP Vance say on the issue? That is why JD Vance has admitted that 'the relations between the two countries also affect many other issues.' That is, America is looking after its own interests and is avoiding imposing tariffs on China due to fear. Speaking on Fox News' Sunday Morning Futures, Vice President JD Vance said, 'imposing tariffs on China is being considered, but no decision has been taken yet.' Vance said, 'The President (Donald Trump) has said that he is thinking about it, but he has not taken any concrete decision. The China issue is a little more complicated because our relationship affects many other things that have nothing to do with the Russian situation.' How much oil did China purchase from Russia in July? China's imports of Russian crude oil crossed $ 10 billion in July, the highest monthly level since March. However, the figures so far in 2025 are 7.7% lower than in 2024. Vance said that the President is 'reviewing his options' and 'a decision will be taken at the right time.' At the same time, senior advisor Peter Navarro warned that such tariffs 'can also harm America.' This statement of JD Vance comes after the recent 25 percent additional tariff imposed by the US against India. Due to which the total tariff rate on Indian goods has increased to 50%. This additional duty will come into effect from August 27.
Indian Express
3 minutes ago
- Indian Express
Trump signs order extending China tariff deadline for 90 days, official says
US President Donald Trump has signed an executive order extending a pause in sharply higher US tariffs on Chinese imports for another 90 days, a White House official said. A tariff truce between Beijing and Washington had been set to expire on August 12 at 00:01 (04:01 GMT), but the Trump administration had hinted the deadline could be extended.
