US President Donald Trump has signed an executive order extending the suspension of higher tariffs on Chinese goods until November 10, 2025, just hours before the current trade truce was due to expire.
The May agreement between Washington and Beijing had lowered fresh US tariffs on Chinese imports to 30% and China’s corresponding duties to 10%. Both sides have now agreed to maintain these rates for another 90 days while negotiations continue.
China’s state-run Xinhua confirmed the extension, stating it would also suspend non-tariff countermeasures in line with the Geneva joint declaration.
The White House reiterated concerns over America’s persistent trade deficit with China, framing it as a threat to national security and the economy. Analysts warn Beijing is unlikely to offer major concessions but may use rare earth exports as leverage.
Business groups welcomed the extension, calling it vital for giving companies certainty and potentially paving the way for a Trump–Xi summit this fall.
Since returning to office, Trump has also imposed a 10% “reciprocal” tariff on most trading partners, with higher rates on select countries and products. Notably, gold imports will remain exempt from new duties.
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