Trump proceeds to sign an executive order, extending the tariff ceasefire with China for a period of 90 days.
In a significant development, President Trump has announced an extension of the US-China tariff truce by 90 days, moving the expiration date to November 10, 2025 [2][1]. This extension maintains the current tariff rates, with imports from China capped at 30% and exports to China levied at 10% [1][4].
The extension is aimed at preventing economic disruption during the crucial year-end holiday trade season and provides relief to US retailers by stabilizing supply chain planning [1][4]. Both Washington and Beijing agreed to maintain the tariff pause, emphasizing economic stability and buying time for negotiations that could pave the way for a potential summit between Trump and Chinese President Xi Jinping later this year [2][3].
The decision follows several rounds of negotiations, including talks in London (June 2025) and Stockholm (July 2025), which, although not producing a final agreement, were described as constructive and laid the foundation for this tariff truce extension [3].
Under the terms of the extension, all other elements of the agreement remain the same, with an aim to negotiate longer-term trade solutions while avoiding a sudden spike in tariffs that could severely impact both economies [2].
The extension reflects a mutual interest in stability amid complex issues like rare earth exports, fentanyl, and the US trade deficit with China [1][2][3]. The White House has ordered a delay in the reimposition of higher tariffs on Chinese goods until November 10 [5].
Since returning to the presidency in January, Trump has implemented a 10-percent "reciprocal" tariff on almost all trading partners [6]. China will continue suspending its earlier tariff hike for 90 days starting August 12 while retaining a 10-percent duty [3].
This extension is a positive step towards resolving the ongoing trade tensions between the US and China, offering a glimmer of hope for a more stable and harmonious economic relationship in the future.
References:
- CNN Business
- Reuters
- The Wall Street Journal
- The New York Times
- The White House
- The Hill
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