Trump Extends US-China Tariff Truce for 90 Days
Extension delays tariff hikes until November as trade talks continue
US President Donald Trump has extended the suspension of increased tariffs on Chinese goods for an additional 90 days, pushing the deadline to November 10.
The move maintains current US tariffs on Chinese imports at 30% and Chinese tariffs on US goods at 10%, avoiding a scheduled rise to 54% and higher for some products.
China has announced a reciprocal extension of its own tariff suspension.
The agreement follows talks between US and Chinese negotiators in Stockholm in July, where both sides reached a preliminary consensus to maintain the truce.
The measures were originally introduced in May, when the two countries reduced tit-for-tat tariffs and eased export restrictions on rare earth magnets and certain technologies.
Trump’s order stated that all other terms of the existing agreement remain unchanged.
The White House fact sheet accompanying the announcement provided no further amendments beyond the date extension.
The President indicated that discussions with China would continue to address trade reciprocity and national security concerns.
Negotiations have also touched on issues including tariffs tied to fentanyl trafficking, US concerns over Chinese purchases of sanctioned Russian and Iranian oil, and the operation of US businesses in China.
Both sides have sought to reduce trade friction in recent months, with Chinese exports of rare earth magnets to the US increasing from 46 tonnes in May to 353 tonnes in June.
US officials have confirmed commitments from China to maintain the flow of these materials.
The truce comes amid separate talks regarding semiconductor exports.
The US has partially relaxed restrictions on certain AI chips, with companies such as Nvidia and AMD agreeing to revenue-sharing arrangements on specific sales to China.
However, Chinese authorities have raised security concerns about some US-made chips.
The July discussions in Stockholm were led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, marking the third round of negotiations in less than three months.
US Trade Representative Jamieson Greer reported progress on rare earth supply chain issues, noting that the US aims to restore pre-control trade levels for critical components.
Despite the extension, overall shipments of rare earth magnets remain below levels recorded before Beijing imposed export controls in April.
The move maintains current US tariffs on Chinese imports at 30% and Chinese tariffs on US goods at 10%, avoiding a scheduled rise to 54% and higher for some products.
China has announced a reciprocal extension of its own tariff suspension.
The agreement follows talks between US and Chinese negotiators in Stockholm in July, where both sides reached a preliminary consensus to maintain the truce.
The measures were originally introduced in May, when the two countries reduced tit-for-tat tariffs and eased export restrictions on rare earth magnets and certain technologies.
Trump’s order stated that all other terms of the existing agreement remain unchanged.
The White House fact sheet accompanying the announcement provided no further amendments beyond the date extension.
The President indicated that discussions with China would continue to address trade reciprocity and national security concerns.
Negotiations have also touched on issues including tariffs tied to fentanyl trafficking, US concerns over Chinese purchases of sanctioned Russian and Iranian oil, and the operation of US businesses in China.
Both sides have sought to reduce trade friction in recent months, with Chinese exports of rare earth magnets to the US increasing from 46 tonnes in May to 353 tonnes in June.
US officials have confirmed commitments from China to maintain the flow of these materials.
The truce comes amid separate talks regarding semiconductor exports.
The US has partially relaxed restrictions on certain AI chips, with companies such as Nvidia and AMD agreeing to revenue-sharing arrangements on specific sales to China.
However, Chinese authorities have raised security concerns about some US-made chips.
The July discussions in Stockholm were led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, marking the third round of negotiations in less than three months.
US Trade Representative Jamieson Greer reported progress on rare earth supply chain issues, noting that the US aims to restore pre-control trade levels for critical components.
Despite the extension, overall shipments of rare earth magnets remain below levels recorded before Beijing imposed export controls in April.