The United States and China have agreed to extend their trade truce by 90 days, just hours before steep tariff hikes were due to take effect.
President Donald Trump signed an executive order keeping the US tariff on Chinese imports at 30% until November 10, while Beijing announced it would maintain its 10% duty on American goods.
The White House said the extension allows more time to address trade imbalances, market access for US exporters, and national security concerns.
China urged Washington to lift what it called “unreasonable” trade restrictions and work together to maintain global economic stability, particularly in semiconductor production.
The pause comes after years of escalating trade tensions, which at their peak saw triple-digit tariffs threaten to shut down bilateral trade.
Both sides scaled back their rates in May following talks in Geneva, but US imports from China have still dropped nearly 15% in the first half of 2025, with exports to China down 20%.
Meanwhile, officials framed the truce as an opportunity for progress, some US businesses remain uneasy, warning that the uncertainty over future tariffs continues to make planning difficult.