China and the United States have agreed to delay higher tariffs on each other’s imports for an additional 90 days, just hours before a trade truce between the world’s two largest economies was set to expire on Tuesday.
On Monday, U.S. President Donald Trump signed an executive order extending the suspension of additional tariffs on Chinese goods for another 90 days, according to a post on his Truth Social platform. The White House confirmed that the halt on increased tariffs will remain in effect until November 10.
China also announced it would maintain its suspension of planned tariff hikes for the same 90-day period, beginning August 12, while keeping a 10% duty in place.
Earlier this year, both nations had imposed escalating tariffs on each other’s goods, pushing rates into prohibitive triple-digit levels and disrupting global trade. However, in May, the two sides agreed to a temporary reduction. As part of that truce, the U.S. lowered certain tariffs on Chinese products to 30%, while China reduced its corresponding rate to 10%.
