US–China Extend Tariff Truce Until November

 🇺🇸🤝🇨🇳 US–China Extend Tariff Truce Until November

The United States and China have agreed to extend their current tariff truce until 10 November, avoiding an immediate escalation in their long-running trade dispute. The decision came just hours before steep new duties were set to kick in, offering both sides more time to resolve contentious trade issues.

In a joint statement, the two economic giants confirmed that tariffs announced earlier this year will remain frozen for another 90 days. This means:

• Washington will delay imposing planned 145% tariffs on Chinese imports.

• Beijing will continue its pause on 125% duties on US goods.

• Existing tariffs remain in place — 30% on Chinese goods entering the US and 10% on American goods entering China.

• Why the extension?
  According to the White House, the truce will allow more time for negotiations on reducing the US’s $300 billion trade deficit with China, improving market access for US exporters, and addressing what it calls “unfair trade practices.” Talks will also touch on sensitive issues such as access to China’s rare earth minerals, its purchases of Russian oil, and US restrictions on advanced technology exports — including high-end chips from companies like AMD and Nvidia.

  President Donald Trump, who signed the executive order on Monday, described the ongoing negotiations as “going nicely,” while still pressing Beijing to boost purchases of US agricultural products like soybeans.

• A high-stakes backdrop
  The tariff battle between the US and China has been one of the most intense trade conflicts in recent history. Earlier this year, sweeping tariffs from both sides pushed some duty rates into triple digits, severely slowing trade flows. In June alone, US imports of Chinese goods fell by almost 50% compared to a year earlier, while US exports to China dropped by around 20% in the first half of 2025. 

  Analysts warn that while this extension offers temporary relief, it’s no guarantee of a long-term settlement. A return to higher tariffs could rattle markets and further strain an already fragile global economy.

  For now, the world’s two largest economies have hit the pause button — but the countdown to November is already ticking. See more ....