The United States and China extended the trade truce until November 10, just hours before the jump in the drivers that were accelerated.
In a joint statement, the world’s largest economy said that the high tariffs will be suspended on each other’s goods that were announced earlier this year for another 90 days.
The talks ended last month with both sides, calling “constructive” discussions. The Supreme China negotiator at that time said the two countries would press to maintain the truce, while US officials said they are waiting for the final entry from US President Donald Trump.
On Monday, Trump signed Executive To extend the truce of customs tariffs.
This means that Washington will increase the delay of imposing a 145 % tariff on Chinese goods and Beijing will continue to stop its shipments by 125 % on American shipments.
Under the agreement, the United States will retain its definitions of Chinese imports by 30 %, while China will retain a 10 % tariff for American goods.
The White House said that the armistice extension will give more time to negotiations on “trade imbalances” and “unfair commercial practices”.
She cited a trade deficit of about 300 billion dollars (223 billion pounds) with China in 2024 – the largest among any of its commercial partner.
The statement said that the talks also aim to increase the arrival of US exporters to China and address national security and economic issues.
The return of the highest duties may risk more commercial disturbances and uncertainty Fears about the impact of definitions on prices and economics.
Trade tensions between the United States and China reached the temperature in April, after Trump revealed the collection of a new tariff on goods from countries all over the world, as China faces some of the highest fees.
Beijing took his definitions, which sparked a bilateral battle of tariff numbers that rise in the triple numbers and almost close the trade between the two countries.
The two sides agreed to allocate some of these measures in May.
This agreement left the Chinese goods entering the United States facing an additional 30 % tariff compared to the beginning of the year, as American goods face a 10 % new tariff in China.
The two sides remain in discussions on issues including access to rare land in China, their purchase of Russian oil, and American restrictions on advanced technology sales, including chips to China.
Trump recently relaxed some of these export restrictions, allowing companies such as AMD and NVIDIA to resume sales of some companies in China for the participation of 15 % of its revenues with the US government.
The United States is also pressing for Tiktok’s offer from its Chinese owner, a step that Beijing opposes.
Earlier on Monday, in statements to reporters, Trump did not commit to expanding the truce, but he said that the transactions were going “well.” A day ago, Beijing called for increasing its purchases of soybeans.
Even with the armistice, commercial flows between countries have been struck this year, with US government personalities The imports of Chinese goods in June show us about half compared to June 2024.
In the first six months of the year, the United States imported $ 165 billion (130 billion pounds) of goods from China, a decrease of about 15 % of the same time last year. American exports to China fell by 20 % on an annual basis for the same period.