July 22, 2025 — The administration of U.S. President Donald Trump is reportedly considering an extension on a trade deadline with China that would see higher tariffs on goods as of 12 August if a deal is not reached.
The U.S. and China both agreed to a 90-day pause on high tariffs in May after a series of escalations by the Trump administration ended up with tariffs as high as 145 percent on goods from China. China, in response, imposed tariffs of its own, reaching as high as 125 percent on U.S. goods.