President Donald Trump extended a pause on tariffs targeting Chinese imports to the United States for another 90 days on Monday, just hours before the initial moratorium was set to expire on the 145% tariff briefly imposed in May, according to multiple reports.
Key facts
Trump signed an executive order extending the truce until November 9, outlets reported, citing an unnamed White House official.
The United States and China reached a temporary agreement in May following talks in Sweden. Under the deal, US tariffs were reduced from 145% to 30%—including a 10% baseline tariff and a 20% penalty linked to fentanyl imports—for 90 days. China, in turn, lowered its retaliatory tariffs from 125% to 10% and lifted a moratorium on exports of rare earth magnets.
US and Chinese officials had signaled the extension in recent days. Speaking at the White House on Monday, Trump said, “We’ll see what happens,” adding that China had been “dealing quite nicely” and that relations with President Xi Jinping were “very good.”
Chinese officials also expressed optimism earlier Monday. Foreign Ministry spokesperson Lin Jian said Beijing hoped the US would “work with China to follow the important consensus reached during the phone call between the two heads of state,” referring to a June call between Trump and Xi.
Tangent
In a post on Truth Social on Sunday, Trump urged China to “quadruple” purchases of US soybeans. Beijing, the world’s largest buyer of American soybeans, had not booked any cargoes for the upcoming harvest as of late July amid the ongoing trade standoff, according to government data cited in reports.
