President Trump announced an extension of the suspension of additional tariffs on Chinese goods. This decision follows ongoing discussions with China to address trade imbalances affecting U.S. economic security. Originally imposed tariffs aimed to counteract large U.S. trade deficits claimed to be a threat to national security. China's retaliatory measures led to negotiations to resolve these issues. The suspension, initially set to expire on August 12, is extended to November 10. This allows more time for both nations to reach a reciprocal trade agreement.