On Monday, US President Donald Trump signed an executive order pushing the pause until 10 November, while Beijing confirmed its own extension.
The United States and China have agreed to extend their trade truce for another 90 days, narrowly avoiding an escalation in tariffs that could have reignited tensions between the world’s two largest economies.
On Monday, US President Donald Trump signed an executive order pushing the pause until 10 November, while Beijing confirmed its own extension.
Under the agreement, Washington will maintain a 30% tariff on Chinese imports, and China will keep a 10% tariff on US goods.
The White House said the extension would allow more time to address “trade imbalances” and “unfair trade practices,” citing a $300bn US trade deficit with China in 2024. Talks will also cover market access, national security, and economic issues.
A Chinese embassy spokesperson in Washington said: “Win-win cooperation between China and the United States is the right path; suppression and containment will lead nowhere.”
While the move averts immediate tariff hikes, US businesses say uncertainty remains. “There’s no way to plan for the future of the business,” said Beth Benike, founder of Busy Baby.