US EditionTrump signs order extending China tariff truce by 90 days, White House says
- On Aug. 11, President Donald Trump signed an executive order extending his pause on Chinese tariffs for another 90 days.
- Negotiators agreed in Geneva last May to suspend tariffs, with the 90-day pause beginning then and set to expire on Aug. 12, 2025.
- Preventing tariff spikes, hours before a 12:01 a.m. ET deadline, the move stopped US tariffs on Chinese goods from rising to 145% and Chinese tariffs on US goods from increasing to 125%.
- Amid market concerns, the extension will ease worries of a renewed trade dispute, with Ryan Majerus saying it would 'undoubtedly lower anxiety on both sides' as U.S.-China trade ties continue to develop.
- Beyond tariff rates, the extension may clear the path for a late-October meeting between Trump and Xi Jinping, giving more time to resolve unresolved issues.
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U.S. and China extend trade truce another 90 days, easing tension between world’s largest economies
By PAUL WISEMAN and DIDI TANG WASHINGTON (AP) — President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies. Related Articles Trump’s moves toward taking over Washington are unprecedented. Here’s what the law says Trump nominates conservative economist to head agency that compiles jobs, inflation dat…
·Denver, United States
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Trump hits pause on China tariff hike, 90-day truce in play
WASHINGTON: US President Donald Trump reportedly signed an order delaying the reimposition of higher tariffs on Chinese goods on Monday, hours before a trade truce between Washington and Beijing was due to expire. © New Straits Times Press (M) Bhd
·Malaysia
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Total News Sources138
Leaning Left27Leaning Right20Center36Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 33%
C 43%
R 24%
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