US EditionTrump signs order extending China tariff truce by 90 days, White House says
UNITED STATES, AUG 12 – President Trump signed an executive order extending the tariff pause with China for 90 days to avoid escalating trade tensions and support ongoing negotiations on key trade issues.
- On August 11, President Donald Trump issued an executive order to prolong the current pause on tariff increases with China by an additional 90 days, just before the existing agreement was set to expire.
- This extension follows the initial 90-day pause agreed in May, during which both countries reduced tariffs and resumed rare earth mineral exports.
- A third session of negotiations took place in Stockholm, featuring key figures such as U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, reflecting ongoing diplomatic efforts.
- Trump described his relationship with President Xi Jinping as "very good," while Bessent expressed optimism that the U.S. had the makings of a deal, saying, "we're about halfway there."
- The extension aims to ease fears of a renewed trade war and allows both countries more time to resolve issues like tariffs tied to fentanyl trafficking and sanctioned oil purchases.
242 Articles
242 Articles
US, China Extend Trade Truce
President 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, the AP reports. Trump posted on his Truth Social platform that he signed the executive order for the extension, and that "all other...
Los Angeles Times
Independent EspañolThe European Union, Japan and other trading partners entered into unequal trade agreements with Trump
Most markets rise as China-US truce extended, inflation in focus
HONG KONG, China – Asian markets mostly rose Tuesday as investors welcomed the extension of a China-US tariff truce but looked ahead apprehensively to the release of key US inflation data later in the day. Donald Trump’s widely expected trade announcement avoids the reimposition of sky-high levies and allows officials from Washington and Beijing to
US President Trump has again postponed higher tariffs against China. China responded with the same measure. Other elements remain unchanged.
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