The United States and China have agreed to extend their current trade truce for an additional 90 days, pushing the deadline to November 10. The agreement was announced just hours before higher tariffs were set to take effect.
In a joint statement, Washington and Beijing confirmed that existing tariff rates will remain in place during the extension. The U.S. will maintain a 30% tariff on certain Chinese imports, while China will continue to apply a 10% tariff on select U.S. goods.
According to the White House, the extension is intended to provide more time for negotiations aimed at addressing trade imbalances, improving market access for U.S. exporters, and discussing economic and regulatory concerns. Officials cited the U.S. trade deficit with China, which reached nearly $300 billion in 2024, as a key focus of the talks.
A spokesperson for the Chinese embassy in Washington reiterated the importance of cooperation, calling for the removal of trade restrictions and emphasizing the need for stable supply chains, particularly in the semiconductor sector.
The discussions also touch on U.S. export regulations, technology sales, and market access for agricultural products. Recently, some export restrictions were eased for certain technology companies, allowing them to resume specific sales to Chinese firms in exchange for revenue-sharing arrangements with the U.S. government.
Trade between the two countries has declined in recent months. U.S. imports of Chinese goods in June 2025 were nearly half of the level recorded in June 2024, while American exports to China fell by roughly 20% over the first half of the year.
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