U.S. Extends 90-Day Tariff Truce With China to November 10

The United States has extended its 90-day trade truce with China, pushing the deadline from August 11 to November 10 under a presidential decree.

The move prevents an automatic tariff hike while maintaining existing duties — 30% on Chinese imports and 10% on U.S. exports — and gives negotiators more time to resolve disputes.

China confirmed, via state media outlet Xinhua, that it will match the U.S. extension. The pause continues the framework set in the May Geneva agreement, which froze tariff escalation and allowed talks to proceed despite unresolved tensions.

Since May, U.S. and Chinese officials have held multiple rounds of talks in Geneva, London, and Stockholm. Washington says Beijing has taken “significant measures” to address U.S. economic and security concerns.

Thus, both parties will continue to find common ground before the new deadline comes.

But president Trump has stated that concessions is needed by both parties for them to reach a middle ground, especially when it comes to issues like the purchases of American agricultural products like soybeans.

On its end, Beijing also stated its hopes to reach a positive outcome, based on equality and mutual benefits.

The extension offers exporters and importers predictable rates until November 10, allowing businesses to plan shipments without the risk of sudden tariff hikes. Washington confirmed that gold will remain exempt from new duties, calming market fears and stabilizing prices.

However, tariffs on steel, aluminum, and certain industrial goods — introduced in recent months — remain in effect.

If no deal is reached by the new deadline, fresh levies could follow, leaving companies to prepare for multiple trade scenarios.