The US and China have extended their trade truce until November 10, 2025 just hours before the world’s two biggest economies were set to hike tariffs on each other.
The higher tariffs will be suspended for another 90 days, Beijing and Washington said in a joint statement.
Talks last month ended with both sides calling the discussions constructive. China’s top negotiator said at the time that the two countries would push to preserve the truce, while US officials said they were waiting for final sign-off from President Donald Trump.
Under the agreement, the US will hold its tariffs on Chinese imports at 30%, while China will keep a 10% tariff on American goods.
Washington had threatened tariffs as high as 145% on Chinese goods at one point, with Beijing hitting back with 125% duties on US shipments.
