Photo by Daniel Torok - White House
President Trump Extends China Tariff Truce for 90 Days
President Donald Trump on Monday signed an executive order extending the United States’ tariff truce with China for an additional 90 days, as Washington and Beijing continue efforts to secure a permanent trade agreement.
The truce, originally reached in June during high-level negotiations between U.S. and Chinese officials, maintains U.S. tariffs on most Chinese imports at 55 percent. In return, Beijing committed to increasing exports of rare earth elements to the United States and capping its own tariffs on U.S. goods at 10 percent.
The extension came just hours before the agreement was set to expire on Tuesday. Without the truce, U.S. tariffs on Chinese goods could have surged to as high as 145 percent, a move analysts warned could further disrupt supply chains and dampen economic growth.
Trump’s decision follows weeks of economic uncertainty, marked by partially idle West Coast ports and volatility in U.S. financial markets — factors that heightened concerns of a potential recession.
“We are making progress, but we need more time to secure a fair and lasting deal,” President Trump said in a brief statement. “This extension keeps negotiations alive and ensures American businesses and workers are protected.”
The White House confirmed that trade representatives from both nations will meet later this month to address remaining sticking points, including technology transfer rules, intellectual property protections, and agricultural purchase commitments.
The situation remains fluid as global markets await further developments.
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NEWSROOM
