By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: US and China extend trade truce for 90 days to avoid tariff hikes
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > News > US and China extend trade truce for 90 days to avoid tariff hikes
News

US and China extend trade truce for 90 days to avoid tariff hikes

Godson
Last updated: August 12, 2025 10:23 am
Godson
Published: August 12, 2025
Share
SHARE

The worlds biggest economies, United States and China have agreed to extend their trade truce for another 90 days, just hours before higher tariffs were due to take effect.

On Monday, August 11, U.S. President Donald Trump signed an executive order continuing the pause until 10 November, while Beijing announced a parallel extension. Under the deal, U.S. tariffs on Chinese goods will remain at 30%, and China will maintain its 10% levy on American imports.

Earlier this year, Washington had threatened tariffs of up to 145% on Chinese products, while Beijing planned duties as high as 125% on U.S. shipments. Both sides scaled back after trade talks in Geneva in May.

The White House said the extension allows more time to address “trade imbalances” and “unfair trade practices,” pointing to a nearly $300bn U.S. trade deficit with China in 2024 — the largest with any trading partner.

Talks will also cover: Greater market access for U.S. exporters, National security and economic concerns and Stability in global semiconductor supply

A spokesperson for the Chinese embassy in Washington said, “Win-win cooperation between China and the United States is the right path; suppression and containment will lead nowhere.” Beijing urged the U.S. to remove “unreasonable” trade restrictions.

While the move averts an immediate escalation, some U.S. business owners say uncertainty persists.

“There’s no way to plan for the future of the business,” said Beth Benike, founder of Busy Baby. “I have no control or idea about the pricing that’s going to work for my business.”

Trade tensions peaked in April when Trump imposed sweeping tariffs on multiple countries, with China among the hardest hit. Beijing retaliated, nearly freezing trade flows before the May agreement eased some measures.

Ongoing discussions include: Access to China’s rare earth minerals, Chinese purchases of Russian oil, U.S. export curbs on advanced technology, including semiconductors

Recently, Washington loosened certain restrictions, allowing companies like AMD and Nvidia to sell some chips to China in exchange for a 15% revenue share with the U.S. government. The U.S. is also pressing for TikTok’s separation from its Chinese owner ByteDance, a move Beijing opposes.

Even with the truce, bilateral trade has weakened. In June, U.S. imports from China were nearly 50% lower than the same month in 2024. For the first half of 2025, imports totaled $165bn — down 15% year-on-year — while U.S. exports to China fell 20%.

You Might Also Like

Governor Dave Umahi shuts down all courts in Ebonyi as state records first COVID-19 death
FBI offering $100,000 reward for information to arrest Charlie Kirk’s k!ller
FBI reveals 1983 plot to kill Queen Elizabeth II during US visit
Naira Not Yet Devalued, CBN Reveals
Akeredolu Writes Ondo Assembly, Seeks Extension Of Medical Leave

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0

Recent Posts

  • Reno Omokri tackles people who always say ‘’May Nigeria not happen to me’’
  • Two arrested for trafficking 16-year-old Ogun girl to Libya
  • Zimbabwe to sue Lithuania after 17 fire tenders are seized and auctioned
  • ‘I Can’t Be Sharing Money’ – Bovi Opens On Split With Basketmouth
  • South African ambassador, Nathi Mthethwa d!es in plunge from 22nd floor of famous Hyatt Hotel in Paris

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?