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Trump extends China tariff suspension for another 90 days but...

Trump extends China tariff suspension for another 90 days but...

India.com15 hours ago
Good news for India as it surpasses US, Indonesia, Turkey in this list of..., Pakistan's ally China is ranked at..
US President Donald Trump extended the trade truce with China for another 90 days, pushing back a potential clash between the world's two largest economies. In a post on Truth Social, he said he had signed an executive order to keep the suspension of tariffs on Chinese goods in place for three more months. He added that all other parts of the agreement would stay the same.
'I have just signed an Executive Order that will extend the Tariff Suspension on China for another 90 days. All other elements of the Agreement will remain the same. Thank you for your attention to this matter!' Trump said.
Donald J. Trump Truth Social 08.11.25 08:00 PM EST
I have just signed an Executive Order that will extend the Tariff Suspension on China for another 90 days. All other elements of the Agreement will remain the same. Thank you for your attention to this matter! DONALD J. TRUMP,…
— Fan Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) August 12, 2025
Earlier this year, the US and China had sharply increased tariffs on each other's products, with some reaching extremely high triple-digit rates, disrupting trade. However, in May 2025, both sides agreed to temporarily reduce these tariffs.
The earlier deadline for the truce was set to end at 12:01 am on Tuesday, August 12. If it had expired, the US could have raised taxes on Chinese imports from the already steep 30 per cent, and China could have hit back by increasing its own tariffs on American exports.
Sean Stein, president of the U.S.-China Business Council, said the extension is 'critical' to give the two governments time to negotiate a trade agreement that U.S. businesses hope would improve their market access in China and provide the certainty needed for companies to make medium- and long-term plans. How did China react after Trump extended Beijing's tariff deadline
Soon after Donald Trump announced the extension of the tariff suspension on China, Chinese state media outlet Xinhua released a joint statement from the US-China talks in Stockholm, confirming that Beijing would also extend its side of the truce.
According to the report, China will keep its earlier tariff hike on hold for another 90 days starting August 12, while continuing to impose a 10% duty.
It also said China would 'take or maintain necessary steps to suspend or remove non-tariff countermeasures against the United States, as agreed in the Geneva joint declaration,' Xinhua reported.
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