On Monday, August 11, the United States President extended the trade ceasefire with China by another 90 days and postponed clearing between the two largest economies of the world. In the Social Truth, Donald Trump announced that he had signed an executive order that would expand the tariff suspension in China for another three months. He also announced that all other elements of the agreement would remain the same.
On the social post of truth, he said, “I have just signed an executive order that will extend the suspension of the tariff to China for another 90 days. All other elements will remain the same. Thank you for your attention!”
While the United States and China slapped the escalating tariffs for others’ products this year, bringing them to an unbearable three -digit level and the cunning trade, both countries in May 2025 agreed to reduce their temporary reduction. Also read | Tariffs Donald Trump to China in buying Russian oil, no final decision yet
The previous date was set to expire 12.01 on Tuesday 12th August. If this happened, the United States could raise taxes on Chinese imports from a high 30 percent and Beijing could answer by increasing retaliatory outlets to American exports to China.
How did China react?
Like Donald Trump, he announced the extension of the tariff suspension to Beijing, the Chinese state media press agency Xinhua published a common statement from American and Chinese interviews in Stockholm, saying that it would also extend its party.
The report stated that China would extend the suspension of its earlier increase in tariffs to 90 days from August 12, while maintaining 10 % duty. Also read | Why the US can’t risk two leading trade war with a “dragon and elephant” over Russian oil
It would also “take or maintain the necessary measures to suspend or remove non -tariff countermeasures against the United States, as agreed in the Geneva joint statement,” Xinhua said.
(Tagstotranslate) US President Trump
