Trump Extends U.S.-China Tariff Truce by 90 Days

President Donald Trump signed an executive order extending the U.S.-China tariff suspension for 90 days, as announced yesterday by U.S. media. “I have just signed an executive order extending the tariff suspension on China for another 90 days. All other elements of the agreement remain unchanged,” Trump stated on Truth Social. The tariff truce between Beijing and Washington was set to expire today; the extension until early November provides crucial time to reach a broader agreement before the surge in holiday season imports. This move prevents U.S. tariffs on Chinese goods from rising to 145% and Chinese tariffs on U.S. goods from reaching 125%. Current tariffs remain at 30% for U.S. duties on Chinese imports and 10% for Chinese duties on U.S. goods.