US President Donald Trump has extended the current trade truce with China for another 90 days, pushing the deadline to November 10. This move helps avoid the immediate risk of higher tariffs and trade restrictions that have been worrying global markets.
The extension gives both countries more time to work on resolving trade disputes and possibly arrange a meeting between Trump and Chinese President Xi Jinping later this year.
“They’ve been dealing quite nicely… The relationship is very good with President Xi and myself,” Trump said at the White House.
This new pause was announced just hours before the earlier truce was set to expire. That original agreement, reached in May during talks in Geneva, had lowered US tariffs on Chinese goods to 30% (from very high triple-digit rates) and reduced China’s tariffs on US goods to 10%. China also restarted exports of rare earth magnets, which are important for US manufacturing.
Trump posted on Truth Social:
“I have just signed an Executive Order that will extend the Tariff Suspension on China for another 90 days.”
China’s state news agency also confirmed that Beijing would extend its suspension of earlier tariff hikes, starting August 12, but will keep a 10% duty in place.
The US government still considers its large trade deficit with China a national security and economic concern, but it noted that China has taken “significant steps” toward addressing these issues.
This tariff truce was first agreed upon in May after months of back-and-forth tariff increases. Since then, negotiations have taken place in cities like London and Stockholm, though tensions have sometimes risen again.
Read more: US Tariff Hike Shatters Gujarat’s Diamond Industry, 1 Lakh Jobs Gone…
On Sunday night, just before the deadline, Trump publicly urged China to buy more US soybeans, telling Xi that “our great farmers produce the most robust soybeans.”
Experts remain cautious.
- William Yang of the International Crisis Group said Beijing will likely continue negotiations but is not expected to make big concessions.
- Sean Stein, president of the US-China Business Council, called the extension “critical” for giving both sides time to reach an agreement, possibly leading to a Trump–Xi meeting this fall.
- Wendy Cutler, a former US trade negotiator, warned that any final deal “will be far from a walk in the park.”
Also Read: Donald Trump’s 50% Tariffs on India Cause Anger; Calls to Boycott US Brands Grow
