US, China Extend Trade Truce by 90 Days

The United States and China have agreed to extend their trade truce for a further 90 days, narrowly avoiding a fresh round of tariff hikes between the world’s two largest economies.

The agreement, announced on Monday, came just hours before planned increases were due to take effect. US President Donald Trump signed an executive order pushing the pause until 10 November, while Beijing confirmed a matching extension.

Under the deal, Washington will maintain its 30% levy on Chinese imports, while China will keep a 10% tariff on US goods. Earlier this year, the two sides had threatened tariffs as high as 145% and 125% respectively, before scaling back following talks in Geneva in May.

The White House said the extension allows more time to address “trade imbalances” and “unfair trade practices”, citing a $300bn (£223bn) US trade deficit with China in 2024, the largest with any single trading partner. Negotiations will also focus on expanding market access for US exporters, and on national security and economic concerns.

A spokesperson for the Chinese embassy in Washington called for “win-win cooperation” and urged the US to lift “unreasonable” trade restrictions, stressing the importance of stable global semiconductor production.

Tariffs have been central to Mr Trump’s trade agenda since returning to office in January. He argues they will boost domestic manufacturing, increase tax revenue and encourage consumers to buy American-made goods, accusing some trading partners of “cheating” and “pillaging” the US economy.


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