US President Donald Trump officially signed an order extending the tariff war ceasefire with China for another 90 days starting August 12, 2025, just hours before the negotiations were due to end yesterday.
The last-minute move keeps US tariffs on Chinese goods at 30%, while Beijing continues to impose a 10% retaliatory duty as reached in May, which was due to expire today, paving the way for higher duties.
Chinese Foreign Ministry spokesman Lin Jian said Beijing hoped Washington would abide by the consensus reached in a phone call between President Xi Jinping and Trump, while also stressing the importance of a fair, mutually respectful and win-win decision for both countries.
However, trade relations between the two economic powers remain fragile as several joint meetings held since May have failed to defuse all disputes, including issues related to Russia, a close Chinese ally but now on the US sanctions list.
In a social media post, Trump also urged China to quadruple its purchases of soybeans in an effort to balance trade.
The latest extension is expected to expire in early November, with uncertainty over the direction of US-China trade relations continuing to weigh on global markets.
