China dn the US are in a chess game where the winning side is derailing the game / Envato Market
by Worthy News Washington D.C. Bureau Staff
(Worthy News) – President Donald Trump has extended a temporary suspension of tariffs on Chinese imports for another 90 days, averting — for now — a potential escalation in the trade war between the world’s two largest economies.
“I have just signed an Executive Order that will extend the Tariff Suspension on China for another 90 days. All other elements of the Agreement will remain the same,” Trump announced Monday on his Truth Social platform, just hours before the truce was set to expire at 12:01 a.m. Tuesday.
The extension delays U.S. tariff hikes from the current 30 percent back toward near-embargo levels, while Beijing has agreed to continue suspending its retaliatory measures on American goods. The reprieve was welcomed by U.S. businesses with deep ties to China, offering hope for progress toward a more comprehensive agreement.
Sean Stein, president of the U.S.-China Business Council, called the move “critical,” giving negotiators time to improve market access for U.S. companies in China and provide certainty needed for long-term planning. He noted that resolving disputes over fentanyl production, tariffs, and agricultural exports is key to restarting U.S. farm and energy sales.
The decision comes after months of high-stakes brinkmanship. Earlier this year, the two nations imposed punishing tariffs of 145 percent and 125 percent on each other’s goods–levels that nearly froze bilateral trade and rattled global markets–before easing back to the current rates in May. Rare-earth minerals, semiconductor technology, and agricultural commodities such as soybeans have been central bargaining chips.
While the latest pause opens the door for further talks and possibly a fall meeting between Trump and Chinese leader Xi Jinping, experts remain cautious. “The tougher issues–intellectual property protection, industrial subsidies, and the structural trade deficit–will likely persist for years,” warned Jeff Moon, a former U.S. trade official.
U.S. officials say the deficit with China fell to $9.4 billion in June, down from $13.94 billion in May, though the overall goods gap remains steep at $295.5 billion for 2024. Trump has left the door open to restoring higher tariffs if talks falter, warning, “It may happen … I can’t tell you yet.”
The new executive order expires Nov. 10, setting the stage for another high-stakes decision just before year’s end–and leaving the outcome of U.S.-China trade relations hanging in the balance.
The post Trump Extends Tariff Truce With China for 90 Days, Buys Time for Trade Talks appeared first on Worthy Christian News.
