The United States and China are extending the deadline of the introductory Indian for another 3 months: NPR

President Trump extended a truce between the United States and China on the customs tariff, a step that can calm the way for a bite with Chinese leader Xi Jinping later this year.

With hours staying around the clock before the deadline of the midnight on Tuesday, Trump Executive order He admitted that China was taking “important steps” towards addressing US concerns about “economic and national security issues”. Beijing announced the extension of the truce at the same time.

Allowing Indians to finish that the expiration of its validity would have increased tariff rates for both countries, which dealt with a major blow to trading between the largest economists in the world. The United States will retain the usual tariff rate on Chinese goods by 30 %, and China will retain its own rate of American goods by 10 %.

The extension of the two sides is given an additional 90 days to calm their differences on a set of issues, as Trump seeks to reshape the global economy in favor of re -manufacturing to the United States as well, where the United States also arrives from many trade agreements with countries including South Korea and Japan on the one hand, while it secretes a highly declining tariff for several countries, for example – for example, Trump threatened To raise the US tariff to 50 % on Indian exports to the United States later in August, due to the continued purchases of Russian oil for this country.

“Today’s news is comprehensive, the situation is stabilized, and increases confidence for American consumers, importers of goods who sell these goods in the United States, and for manufacturers in China,” said David Milli, head of China’s division at the Eurasia Group and Vice President of the American Mission in Bing. “I think it is very likely that the United States and China will reach a kind of commercial arrangement, and the next steps are likely to be driven by the possibility of the leaders to meet between President Trump and President Xi later in this fall.”

Meale says he believes that the next steps for both sides will include more meetings between trade and economists such as those held in Stockholm last month, to lay the foundation to hold a meeting face to face and a more tangible trade agreement that can be signed before the expiration of the recent horse on November 10.

Shortly after his inauguration, Trump re -launching a trade war he started during his first term, and announced a high tariff for China. Beijing responded to his mutual definitions and export controls on rare ground minerals such as bismuth and tingstin, which is an essential component of most electronics. A series of increases and responses continued to prices until March and April, with the US tariff for Chinese imports in the end of 145 %, and Chinese definitions climbed 125 % American exports.

However, at a meeting in Geneva in May, tensions cool when the two sides are She announced a 90 -day truceWith both countries reduced customs tariffs and mitigating other commercial barriers, including rare Chinese Earth’s deliveries. However, the other two sides were accused of failing to honor the conditions of the agreement.

The two sides held two days of talks in Stockholm last month, but they left without agreeing to a deal. In the aftermath of the talks, US Treasury Secretary Scott Payetc CNBC said he believed the United States and China had reached a “manufacture” and that “there are still some technical details that must be placed on the Chinese side between us. Bessin added that the final decision on approval of any deal with President Trump.

The negotiations between the United States and China were complicated and It included Many issues, from American concerns about Chinese production and the purchase of Russian oil to Chinese complaints about Washington’s decision to reduce the semiconductor exports that China needs to artificial intelligence systems.

Meale says that the American priority for these negotiations will reduce its trade deficit with China, to secure and diversify its supply chains away from relying on China and ensuring that the flow of rare ground minerals from China will be stable. There will be a great tariff on Chinese goods that enter the United States “when everything ends”, Meale predicts.

Meale says that China is “looking for stability” in its relationship with the United States, because it faces an increasingly slower economy and seeks a more predictable environment. Meale says that China will also try to maintain its access to American technologies such as high -end connectors and jet engines.

Nicholas Lardi, an unresolved colleague at the Peterson International Economy Institute, says the final commercial deal of the United States of China may include relieving technology restrictions, and the Chinese possibility may be Chinese promises to invest in American manufacturing. Lardi adds that even if both sides make progress and reach a deal, in seeing Trump, “The binary trade will significantly shrink, exceeding what we have already seen.”

Although the truce has reduced the worst commercial tensions, the trade between the United States and China clearly has He fell Since early this year. China export data in July showed that its exports to the United States decreased on an annual basis for the fourth month in a row, and China’s imports from the United States decreased by 10.3 % from the period from January to July.