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
MajorsAug 18, 2025
Verragio’s Michael Barabash, a ‘Kind Soul,’ Dies at 58Barabash, Verragio’s client relations representative, was a vital member of the team and is remembered as being warm and full of life.
CollectionsAug 18, 2025
John Hardy’s New ‘Dot’ Collection Is on PointOriginally introduced in 1992, the “Dot” collection is back with a capsule featuring five archival designs and three new creations.
Events & AwardsAug 18, 2025
IJO Announces 2025 Vendor of the YearAllison-Kaufman has received the honor for the fourth year in a row.
Brought to you by
Rallying Call for the Jewelry Industry on Tariffs and Other Key IssuesJewelers of America is leading the charge to protect the industry amidst rising economic threats.
FinancialsAug 15, 2025
In Q2 Results, Pandora Talks Tariffs, Q4 Plans The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.
Weekly QuizAug 15, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsAug 15, 2025
Piece of the Week: Etho Maria’s Showgirl-Approved Ruby Drop Earrings Taylor Swift dons the vibrant pair in new promotional imagery for her upcoming album, “The Life of a Showgirl,” set to release in October.
WatchesAug 15, 2025
Audemars Piguet Acquires Majority Stake in ManufacturerIts investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.
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.
MajorsAug 15, 2025
Rio Grande Names New Marketing DirectorNicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.
CollectionsAug 14, 2025
In Midst of ‘Sardine Girl Summer,’ Pippa Small Looks to ‘Flounder Fall’Her new “Ocean” collection was inspired by Myanmar’s traditional articulated fish jewelry, with depictions of flounder, catfish, and more.
MajorsAug 14, 2025
Casio America Names New CEOLongtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.
SourcingAug 14, 2025
West Coast Orgs to Host Trading Event, Mixer in LAThe full-day sourcing and networking event, slated for Aug. 18, will be followed by the fifth annual Mega Mixer Summer Soirée.
TrendsAug 13, 2025
Cristiano Ronaldo Proposes With Gigantic Oval-Cut DiamondModel Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.
SourcingAug 13, 2025
ICA Names 2025 Board of DirectorsThe board elected 9 new directors at its recent ICA Congress in Brazil.
TrendsAug 13, 2025
Colorado Jeweler, Whiskey Maker Collab on Ring GiveawayThree winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.
SurveysAug 13, 2025
These Are The 25 Hottest Retailers, Says NRFJD Sports and Wawa were among the fastest-growing retail companies in the U.S. last year.
SourcingAug 13, 2025
Columbia Gem House Launches Winza Sapphires, RubiesThe new inventory, all untreated, features vibrant hues and unique bicolor combinations.
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.
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.
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.
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.
