Trump extends China tariff truce by another 90 days, pushing new deadline to November
According to US president Donald Trump, US President Donald Trump was an order to delay the re -imposition of the higher definitions on Chinese goods on Monday, hours before the expiration of the commercial truce between Washington and Beijing.
The Wall Street Journal and CNBC reported, citing the Trump administration officials. The White House did not respond to inquiries in this regard.
While the United States and China slapped the growing definitions on each other’s products this year, as they reached levels of exorbitant triple numbers and Zamaria trade, both countries in May agreed to temporarily reduce them.
However, they stopped for 90 days of partisan drawings that were to end on Tuesday.
When asked about the deadline earlier on Monday, Trump said: “We’ll see what will happen. They were dealing very well. The relationship is very good with President Xi (Jinping) and myself.”
Trump also described the customs tariff revenues that his country had collected since his return to the White House, saying, “We have dealt well with China.”
“We hope that the United States will work with China to follow the important consensus reached during the phone call between the head of state,” Chinese Foreign Ministry spokesman Lin Jian said in a statement.
He added that Beijing also hopes that Washington is seeking to obtain positive results based on equality, respect and mutual benefit.
The full text of the latest Trump has not yet been released. The 90 -day extension means that the truce ended in early November, according to the Wall Street Journal.
Truce
Although both countries reached an agreement to cool tensions after high -level talks in Geneva in May, the cancellation of the escalation was fragile.
In June, the main economic officials in London met with disputes and American officials accused their counterparts of violating the agreement. Politics makers met in Stockholm last month.
The United States’ Commercial Envoy, Jamieson Greer, said last month that Trump will get a “final call” in any way.
Trump said on a social networking site late Sunday, he hoped that China will quickly raise soybeans profits, adding that this will be a way to balance the trade with the United States.
Currently, the armistice extension means that the American definitions of Chinese goods this year are 30 percent.
Under the cancellation of the escalation, the Beijing -corresponding tax on American products reached 10 percent.
Since his return to the presidency in January, Trump slapped a 10 percent “mutual” tariff for almost all trading partners, aiming to address the commercial practices that Washington considers unfair.
This rose to more severe levels last Thursday for dozens of economies.
The main partners such as the European Union, Japan and South Korea now see a 15 percent American duty on many products, while the level rose to 41 percent for Syria.
The “mutual” definitions exclude the sectors that have been targeted separately, such as steel and aluminum, and those that are investigated such as medicines and semi -conductors.
It is also expected to exclude gold, although an illustration by the American customs authorities that were deployed last week will be worried about some golden bars.
Trump said on Monday that gold imports will not face an additional tariff, without providing further details.
The US President took a separate goal to individual countries such as Brazil because of the trial of former President Geer Bolsonaro, who is accused of planning a coup, and India because of his purchase of Russian oil.
Canada and Mexico come under a different tariff system.
2025-08-11 19:57:00
