President Donald Trump signed an executive order extending a tariff truce with China for another 90 days, delaying the re-imposition of higher U.S. tariffs on Chinese goods until November 10, 2025.
This decision, announced just hours before the previous truce was set to expire on August 12, keeps U.S. tariffs at 30% and Chinese tariffs on U.S. goods at 10%, preventing a potential escalation to 145% and 125% respectively.
The extension follows productive trade talks in Stockholm in late July, building on earlier negotiations in Geneva and London, aimed at addressing trade imbalances, unfair practices, and national security concerns.
Both countries are working toward a potential longer-term trade agreement, with the pause providing stability for businesses, particularly during the critical holiday season.
Trump also pushed for China to quadruple its U.S. soybean purchases to reduce the trade deficit, though it’s unclear if China agreed. The move reflects ongoing efforts to stabilize U.S.-China trade relations amid complex negotiations.
