US-China Trade Truce Extended 90 Days, Halting Tariff Hikes and Supporting Ongoing Negotiations

The United States and China have extended their trade truce for an additional 90 days, postponing potential tariff increases and easing tensions between the two largest economies. The extension maintains existing terms, preventing the US from raising tariffs beyond 30 percent on Chinese imports and halting retaliatory measures by China. This pause allows further negotiations aimed at resolving disputes over market access, intellectual property rights, and industrial subsidies. Despite previous high tariffs and retaliatory levies that threatened bilateral trade, both countries have agreed to reduce some tariffs and ease export restrictions, including on rare earth minerals and technology. While limited agreements on agricultural purchases and fentanyl-related chemical controls are anticipated, significant issues remain unresolved, suggesting ongoing trade tensions and negotiations will persist in the foreseeable future.