Deadline for trade dispute resolution between Trump and China prolonged by 90 days - Deadline for customs dispute between Trump and China extended by another 90 days
The United States and China have extended their tariff truce for an additional 90 days, as announced by President Donald Trump on his social media platform, Truth Social. The initial agreement, reached in mid-May during talks in Geneva, was set to expire on Tuesday.
The extension comes as both the US and China continue to address economic and national security concerns, with China taking steps to address the US's concerns through intensive negotiations. These talks have included technical discussions on tariff suspension mechanisms, agricultural market access, and intellectual property protections.
During the negotiations, China demonstrated flexibility and cooperation, leading to the extension of the tariff truce without immediate agreement on all issues but with a mutual commitment to maintain current suspension arrangements while continuing negotiations.
One of the key aspects of these negotiations has been the suspension of tariffs. China has engaged in technical discussions on how to manage the suspension of tariffs to avoid sudden hikes that would disrupt supply chains during crucial shipping periods.
Another area of focus has been agricultural market access. China has shown willingness to negotiate better access for U.S. agricultural products, aiming to ease trade tensions related to farming exports.
Intellectual property protections have also been a significant concern for the US, and talks have focused on strengthening protections around intellectual property, a key factor linked to economic security.
President Trump has praised the negotiations with Beijing, describing them as "very good." He confirmed the signing of a decree about the tariff truce with China, a decision that was also reported by the "Wall Street Journal" and CNBC.
The extended tariff truce with China is now scheduled to end on November 10th. High-ranking US government officials have recently advocated for a possible extension of the tariff truce with China, reflecting a continued effort to address economic and security tensions between the two nations.
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- The extension of the tariff truce between the United States and China, initiated by President Donald Trump, indicates a continued focus on politics and general-news, as both countries aim to address economic and national security concerns, such as customs disputes, agricultural market access, intellectual property protections, and maintaining current suspension arrangements.
- As the extended tariff truce between the US and China is set to end on November 10th, both nations are expected to continue negotiations, with high-ranking US government officials advocating for a possible extension. These discussions, including those on tariff suspension mechanisms, agricultural market access, and intellectual property protections, will likely continue to influence the global economic landscape.
