President Donald Trump signed an executive order Monday, giving China another reprieve from tariffs. The order extended the trade truce by another 90 days, pushing the deadline well into the fall.
Trump signed the order just hours before the previous truce was set to expire. In a post on Truth Social, the president announced, “All other elements of the agreement will remain the same.”
The extension does not come as a surprise. Back in July, South China Morning Post reported the U.S. and China had already agreed to extend the pause ahead of their meeting in Stockholm on Monday, July 28.
Tariff and truce details
The extension gives the U.S. and China until early November to strike a final deal. Without a deal, tariffs on Chinese imports will jump to 145%.
This is the second time Trump has delayed imposing the higher tariffs. For now, the import tax holds at an already high 30%.
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The White House said negotiations with China are “ongoing” and that each round builds on the last.
China said it will also extend relief to American companies on its export control and “unreliable entities” list.
Other US trade deals
The news comes weeks after Trump announced numerous trade deals and extensions with various countries.
In July, the Trump administration struck a deal with the European Union. The deal will maintain a 15% tariff on most EU goods, as opposed to the 30% tariff that Trump had initially proposed.
At the end of July, Trump announced a different 90-day deal — this time, with Mexico. The deal suspends Trump’s proposed 30% tariff on Mexican goods. He said the two countries would continue negotiating.
