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Tariffs as high as 145 percent were due to be implemented on goods from China at midnight Tuesday. The last-minute extension came hours after Trump provided a vague response to reporters on extending the deadline on Monday. “We’ve been dealing very nicely with China… they have tremendous tariffs that they’re paying to the United States of America,” Trump said during a press conference at the White House. “We’ll see what happens. They’ve been dealing quite nicely. The relationship is very good with President Xi and myself.” Trump signed a new Executive Order later on Monday. China will now have its...

President Donald Trump signed an executive order Monday evening extending the U.S.-China tariff truce for another 90 days, just hours before a midnight deadline that would have triggered massive tariff increases on Chinese goods. The order prevents high U.S. tariffs on Chinese goods from snapping back into effect, giving negotiators until mid-November to reach a more permanent trade agreement.What This Extension MeansThe extension maintains current tariff levels rather than allowing them to spike to economically devastating levels. Under the current negotiated arrangement, U.S. "reciprocal" tariffs on Chinese imports stand at 30%, while China's retaliatory tariffs on American goods are at...

President Trump on Monday suggested he might temporarily exempt the auto industry from tariffs he previously imposed on the sector to give carmakers time to overhaul their complex supply chains. Mr. Trump told reporters gathered in the Oval Office that automakers "need a little bit of time" to relocate production from Canada, Mexico and elsewhere to the U.S. Car manufacturers' supply chains are tightly interwoven with other nations, making it almost impossible to make vehicles entirely in the United States. Because U.S. automakers source many of their car parts from key trade partners, including Canada, Mexico and China, a fully...

The guidance that was issued also excludes flash drives and memory cards from the new tariffs President Trump exempted phones, computers and chips from his new tariffs on Friday. The guidance that was issued also excludes flash drives and memory cards. Trump has imposed 145% tariffs on imports from China. He paused further tariff actions on other countries in favor of a 10% baseline tariff.

John Kerry's position on the Iraq war is like the weather in North Texas: If you don't like it, stick around, because it'll change before too long.On Monday, a reporter asked Mr. Kerry if he had known in 2002 that there were no weapons of mass destruction in Iraq, would he still have voted to give the president authority to wage the war. "Yes, I would have voted for the authority," the Democrat said. "I believe it was the right authority for a president to have." Now hold on. In his convention speech, Mr. Kerry said that protecting the country...

President Bush dismissed on Tuesday a report put out by his administration warning that human activities are behind climate change that is having significant effects on the environment. The report to the United Nations, written by the Environmental Protection Agency, puts most of the blame for recent global warming on the burning of fossil fuels that release carbon dioxide and other heat-trapping gases into the environment. Read article here.