Policies & IssuesAug 06, 2025
Tariff on India to Rise to 50%, Trump Says Policies & IssuesAug 12, 2025
Higher Tariff on Chinese Imports Paused for 90 Days, Trump Says
President Donald Trump issued an executive order extending the pause on higher tariffs to November as negotiations with China continue.
In an executive order issued Monday, President Donald Trump extended the pause on higher tariffs on Chinese imports for another 90 days.
Washington, D.C.—President Donald Trump has delayed higher tariffs on goods from China for another 90 days.
In an executive order issued Monday, Trump extended the truce deadline to November, prolonging the delay just hours before the initial pause was set to expire on Tuesday.
The U.S. and China had reached a temporary deal in May to lower the tariffs for 90 days while negotiations took place.
The countries tentatively settled on a 30 percent tax on Chinese goods (including goods from Hong Kong) imported to the U.S. and a 10 percent tax on U.S. imports to China.
Notably, the current 30 percent tariff on Chinese goods is assessed in addition to whatever pre-existing 301 tariffs importers already are paying on the goods they bring in from China.
If the pause on higher tariffs had not been extended, the tariff on Chinese goods imported to the U.S. and vice versa would have returned to their peak levels in April.
At that time, Chinese imports were subject to a 145 percent tariff with a retaliatory 125 percent duty on U.S. goods in China.
China's Commerce Ministry issued a parallel pause on extra tariffs Tuesday, according to a Reuters report, noting representatives for the two countries met in Stockholm, Sweden, in late July to continue talks.
“The 90-day pause with China is giving a brief sigh of relief from wholesalers and retailers in the U.S., as a tariff of 145 percent would be difficult to handle,” said Jewelers of America President and CEO David Bonaparte.
“China is the world’s leading producer of freshwater pearls, and many U.S. wholesalers and retailers source pearls as well as other products from China. We remain hopeful for a negotiated better deal. We continue to work with our legislative team in Washington, D.C. on tariffs and other issues affecting our members.”
The U.S. jewelry industry is also up against a 50 percent tariff on goods imported from India, where the majority of the world’s diamonds are cut and polished.
The extension to early November will also allow U.S. retailers to stock up just ahead of the holiday season.
Related stories will be right here …
In an executive order issued Monday, Trump extended the truce deadline to November, prolonging the delay just hours before the initial pause was set to expire on Tuesday.
The U.S. and China had reached a temporary deal in May to lower the tariffs for 90 days while negotiations took place.
The countries tentatively settled on a 30 percent tax on Chinese goods (including goods from Hong Kong) imported to the U.S. and a 10 percent tax on U.S. imports to China.
Notably, the current 30 percent tariff on Chinese goods is assessed in addition to whatever pre-existing 301 tariffs importers already are paying on the goods they bring in from China.
If the pause on higher tariffs had not been extended, the tariff on Chinese goods imported to the U.S. and vice versa would have returned to their peak levels in April.
At that time, Chinese imports were subject to a 145 percent tariff with a retaliatory 125 percent duty on U.S. goods in China.
China's Commerce Ministry issued a parallel pause on extra tariffs Tuesday, according to a Reuters report, noting representatives for the two countries met in Stockholm, Sweden, in late July to continue talks.
“The 90-day pause with China is giving a brief sigh of relief from wholesalers and retailers in the U.S., as a tariff of 145 percent would be difficult to handle,” said Jewelers of America President and CEO David Bonaparte.
“China is the world’s leading producer of freshwater pearls, and many U.S. wholesalers and retailers source pearls as well as other products from China. We remain hopeful for a negotiated better deal. We continue to work with our legislative team in Washington, D.C. on tariffs and other issues affecting our members.”
The U.S. jewelry industry is also up against a 50 percent tariff on goods imported from India, where the majority of the world’s diamonds are cut and polished.
The extension to early November will also allow U.S. retailers to stock up just ahead of the holiday season.
Jewelers Vigilance Committee CEO and General Counsel Sara Yood said she was glad that JVC members doing business in China would have more time to make adjustments.
A moment of stability would be welcome amid the current uncertainty, she said.
“The volatility of the tariff rates makes it exceedingly difficult for long-term planning; an extension—and the resultant, albeit temporary, stability—may help businesses navigate this challenging environment,” she said.
The evolving tariff situation has led to confusion and instability for many business owners as they try to plan their next move.
The reciprocal tariffs, introduced in early April, were soon after paused and then delayed several times before going into effect with some adjustments.
In a Truth Social post Monday, Trump suggested that China could reduce its trade deficit with the U.S. through more soybean orders.
“China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans. I hope China will quickly quadruple its soybean orders,” he said.
While there have not been reports of China placing more soybean orders, the price of soybeans did rise after Trump’s post.
“The United States continues to have discussions with the [People’s Republic of China] to address the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns,” said Trump in the executive order.
“Through these discussions, the PRC continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national security matters.”
Editors' Picks
Sponsored by
More on Policies & Issues
The Latest
SourcingAug 12, 2025
Gemfields Sells Fabergé for $50MAcquired by a tech investor, the historic brand will continue to focus on jewelry, accessories, and timepieces.
CollectionsAug 12, 2025
Jacquie Aiche’s New Collection Harnesses the Energy of the ThunderbirdThe “Thunderbird Slab” collection features a thunderbird motif as a symbol of power, protection, and boundless possibility.
ColumnistsAug 12, 2025
Creative Connecting: How to Take a Better HeadshotColumnists Jen Cullen Williams and Duvall O’Steen share tips on how to elevate your professional image.
Brought to you by
Taking the Moment Head On: How Rio Grande Champions the Present & Future of Fine JewelryAs a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.
CrimeAug 11, 2025
Man Convicted of First-Degree Murder in Death of Colorado JewelerPeter Damian Arguello, a jeweler in the Denver suburb of Wheat Ridge, was found dead inside his store in November 2023.
Weekly QuizAug 08, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
IndependentsAug 11, 2025
Lisa Bridge to Depart Ben Bridge JewelerThe retailer, owned by Berkshire Hathaway, is becoming part of the Berkshire Hathaway Jewelry Group with Helzberg.
Events & AwardsAug 11, 2025
Bethenny Frankel to Give Keynote at CBG’s Experience ShowThe Continental Buying Group’s 2025 Tampa Experience Show is slated for Sept. 8-10.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
EditorsAug 11, 2025
The Colors Expected to Be On-Trend in a Couple YearsAssociate Editor Lauren McLemore recently attended a fabrics trade show where a trend forecaster shared her predictions for summer 2027.
FinancialsAug 08, 2025
Brilliant Earth’s Q2 Sales Up 3% as Engagement Ring Sales RiseThe company raised its full-year sales guidance while noting it has not yet assessed the potential impact of the latest tariff news.
Events & AwardsAug 08, 2025
GJEPC’s Jewellers for Hope Celebrates 10 Years of FundraisingThe organization has raised more than $1.3 million for charity since its inception.
TrendsAug 08, 2025
Piece of the Week: Rahaminov Diamonds’ Bezel BangleThe brand’s latest iteration of a bezel-set diamond bangle features clean lines and a timeless design for a new modern silhouette.
WatchesAug 07, 2025
Bulova’s New Collection Honors Tony BennettThe first watch in the series commemorates his participation in the Civil Rights movement, marching from Selma to Montgomery in 1965.
Lab-GrownAug 07, 2025
Chatham Releases Catalog for Loose Lab-Grown GemstonesThe catalog contains a complete listing of all the loose gemstones in stock, as well as information about the properties of each stone.
TechnologyAug 07, 2025
Rembrandt Charms Debuts New Website, Bird CharmsThe company added a retailer dashboard to its site and three new birds to its charm collection, the cardinal, blue jay, and hummingbird.
MajorsAug 06, 2025
Claire’s Files for Chapter 11 Bankruptcy AgainThe jewelry and accessories retailer plans to close 18 stores as part of the proceedings.
IndependentsAug 06, 2025
Smith & Son Jewelers to Close 107-Year-Old Location Its Springfield, Massachusetts, store is set to close as owner Andrew Smith heads into retirement.
CollectionsAug 06, 2025
Zahn-Z Swims With Whales in ‘Beluga’ CollectionDesigner Hiba Husayni looked to the whale’s melon shaped-head, blowhole, and fluke for her new chunky gold offerings.
TrendsAug 06, 2025
Paola De Luca to Release Trendbook 2027+She will present the 23rd edition of the trend forecasting book at Vicenzaoro on Sept. 7.
CrimeAug 05, 2025
Report: Suspect Arrested in 1992 Murder of Miami JewelerOmar Roy, 72, was arrested in connection with the murder of jeweler Dionisio Carlos Valladares.
CollectionsAug 05, 2025
Mignon Faget Commemorates 20th Anniversary of Hurricane KatrinaThe New Orleans-based brand’s “Beyond Katrina” jewels honor the communities affected by the storm.
ColumnistsAug 05, 2025
The PR Adviser: Affiliate Marketing Is the Cost of CoverageLilian Raji explains why joining an affiliate network is essential for brands seeking placements in U.S. consumer publications.
Events & AwardsAug 05, 2025
JA Announces Seymour & Evelyn Holtzman Bench Scholarship WinnersThe organization has awarded a total of $42,000 through its scholarship programs this year.
Events & AwardsAug 04, 2025
Gem Awards, David Yurman Introduce $50K Grant for Emerging DesignersThe winner of the inaugural David Yurman Gem Awards Grant will be announced live at the 2026 Gem Awards gala.
TrendsAug 04, 2025
Amanda’s Style File: August’s Bright BaublesAs summer winds down, celebrate the sunny disposition of the month’s birthstones: peridot and spinel.
CrimeAug 04, 2025
‘The Watch King’ Assaulted, Robbed in QueensMoshe Haimoff, a social media personality and 47th Street retailer, was robbed of $559,000 worth of jewelry by men in construction outfits.
MajorsAug 04, 2025
Borsheims Welcomes New Assistant Facilities ManagerXavier Dibbrell brings more than a decade of experience to the role.
