A hectic and bizarre week of trade negotiation progress and pronouncements from the Trump Administration produced one actionable result—the extension of the suspension of new “reciprocal” tariffs until Aug. 1, giving importers more time to bring in Holiday product. The previous expiration was set for July 9. China is excluded from the extension, and the 30% tariff rate established in May remains in effect for now, though negotiations are ongoing. The latest news on that front is a possible summit between president Trump and Chinese leader Xi Jinping, following recent meetings ... Log in to view full article.