US-China Trade War Truce Extended by 90 Days

The United States and China have extended the deadline for imposing reciprocal tariffs by an additional 90 days, delaying the implementation of triple-digit tariffs on Chinese goods. This announcement comes as U.S. retailers prepare to stock up for the year-end holiday season.

In a post on his social media platform, Truth Social, U.S. President Donald Trump stated that he signed an executive order suspending additional tariffs until 12:01 a.m. Eastern Standard Time on November 10. All other conditions of the mutual tariff truce remain unchanged.

On Sunday, Trump demanded that China quadruple its soybean purchases from the U.S., though the executive order did not mention any additional purchase commitments. On Tuesday morning, China’s Commerce Ministry also announced it would take necessary measures to suspend or cancel non-tariff actions and maintain the truce. The executive order noted that the U.S. continues negotiations with China to address trade imbalances and resulting national and economic security concerns. It stated, “Through these negotiations, China is taking significant steps to address trade imbalances and tackle the economic and national security concerns of the United States.” The tariff truce, originally set to expire at 12:01 a.m. on Monday, has now been extended to early November. This provides an opportunity for lower tariffs on electronics, clothing, toys, and other goods ahead of the Christmas season. The decision delays the U.S.’s 145% tariffs on Chinese imports and China’s 125% tariffs on U.S. goods for another 90 days, maintaining current rates of 30% on Chinese goods and 10% on U.S. goods. In a Monday press conference, Trump remarked, “Let’s see what happens,” while highlighting his good relationship with Chinese President Xi Jinping. Last week, Trump told CNBC that the U.S. and China were close to finalizing a trade deal, and if successful, he would meet with Xi before the year ends. Wendy Cutler, Vice President of the Asia Society Policy Institute, commented, “This is positive news. Recent weeks have shown both the U.S. and China taking steps to reduce tensions, indicating a mutual desire to reach an agreement that could lead to a meeting between Xi and Trump this fall.” **Read More: US-China Trade Truce Likely to Be Extended by Three Months** *July 29, 2025* In May, the U.S. and China announced a temporary truce in their trade dispute following talks in Geneva, Switzerland, agreeing to a 90-day pause to allow further negotiations. In late July, both sides met again in Stockholm, Sweden, where U.S. negotiators were advised to recommend extending the deadline to President Trump. U.S. Treasury Secretary Scott Bessent has repeatedly stated that the triple-digit tariffs imposed by both sides in the spring are unsustainable. The tit-for-tat tariffs have created a near-trade blockade between the world’s two largest economies.