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
EditorsJan 16, 2026
Remembering Pete Yantzer for His Contributions and His Kindness Pete’s boundless curiosity extended beyond diamond cut and he was always eager to share his knowledge with others, no matter the topic.
FinancialsJan 16, 2026
Richemont’s Jewelry Brands Shine in Q3Cartier, Van Cleef & Arpels, Buccellati, and Vhernier had another successful holiday season, Richemont reported this week.
TrendsJan 16, 2026
Diane Lane's Brooch Buzzes at the 2026 Golden GlobesOur Piece of the Week is Lagos’ “Bee” brooch that was seen on the red carpet for the first time on Sunday.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
CrimeJan 15, 2026
D.C. Rapper ‘Taliban Glizzy’ Sentenced to 18+ Years for Jewelry Store RobberiesTrevor Jonathan Wright led a crew in a string of armed robberies targeting South Asian-owned jewelry stores on the East Coast.
Weekly QuizJan 15, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsJan 15, 2026
Jewelers of Americas’ ‘20 Under 40’ Nominations Now OpenThe program recognizes rising professionals in the jewelry industry.
Events & AwardsJan 15, 2026
Registration for JCK Las Vegas 2026 Is Now OpenA new lifestyle section and a watch showcase have been added to this year’s event.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
TrendsJan 15, 2026
Don’t Double-Dip With This Golden ChipAvocados From Mexico is celebrating those who love to double-dip in game day guacamole with a 14-karat yellow gold tortilla chip necklace.
SourcingJan 15, 2026
Nearly 42-Carat Blue Diamond Discovered in South AfricaPetra Diamonds unearthed the 41.82-carat, Type IIb blue diamond at the Cullinan Mine.
CollectionsJan 14, 2026
Marie Lichtenberg Lassos Leather for New BraceletsThe brand is trading its colorful fabric cords for Italian leather in its “Lasso” baby locket bracelets.
TechnologyJan 14, 2026
“My Next Question” Enters Its Podcast Era National Jeweler and Jewelers of America’s popular webinar series is evolving in 2026.
MajorsJan 14, 2026
Saks Files for Bankruptcy, Names New CEOThe department store chain owes millions to creditors like David Yurman, Roberto Coin, Kering, and LVMH.
CollectionsJan 14, 2026
Boucheron Names Colman Domingo as Brand AmbassadorThe award-winning actor’s visionary approach and creativity echo the spirit of Boucheron, the brand said.
IndependentsJan 14, 2026
Kansas Jeweler Wins 2025 ‘Wag’ AwardEdge Retail Academy honored Burnell’s Fine Jewelry in Wichita, Kansas, with its annual award for business excellence.
ColumnistsJan 13, 2026
2025 Was a ‘Price Up, Units Down’ Year, Here’s What That Signals for 2026 In a market defined by more selective consumers, Sherry Smith shares why execution will be independent jewelers’ key to growth this year.
IndependentsJan 13, 2026
Orr’s Jewelers Opens New Location in Pittsburgh’s Strip DistrictThe family-owned jeweler’s new space is in a former wholesale produce market.
CrimeJan 13, 2026
Alleged Getaway Driver Charged in Florida Jewelry Store RobberyIvel Sanchez Rivera, 52, has been arrested and charged in connection with the armed robbery of Tio Jewelers in Cape Coral, Florida.
SourcingJan 13, 2026
Rio Grande To Offer Calibrated Diamond MeleeThe supplier’s online program allows customers to search and buy calibrated natural and lab-grown diamond melee, including in fancy shapes.
Events & AwardsJan 13, 2026
NYC Jewelry, Antique, & Object Show Announces Winter EventThe new show will take place Jan. 23-25, 2026.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
EditorsJan 12, 2026
Platinum, White Gold Rule the 2026 Golden GlobesAssociate Editor Natalie Francisco highlights her favorite jewelry moments from the Golden Globes, and they are (mostly) white hot.
GradingJan 12, 2026
Peter Yantzer, Former Executive Director of AGS Labs, Dies at 77 Yantzer is remembered for the profound influence he had on diamond cut grading as well as his contagious smile and quick wit.
MajorsJan 12, 2026
These 14 Macy’s Locations Will Close This YearThe store closures are part of the retailer’s “Bold New Chapter” turnaround plan.
MajorsJan 12, 2026
Jewelers Mutual Acquires AI-Powered Event Insurance ProgramThrough EventGuard, the company will offer event liability and cancellation insurance, including wedding coverage.
MajorsJan 09, 2026
Kendra Scott Taps Activewear Exec as CEO Chris Blakeslee has experience at Athleta and Alo Yoga. Kendra Scott will remain on board as executive chair and chief visionary officer.
SurveysJan 09, 2026
U.S. Holiday Retail Sales Up 4%, Visa, Mastercard SayThe credit card companies’ surveys examined where consumers shopped, what they bought, and what they valued this holiday season.
