US, China Extend Tariff Truce 90 Days Through November

The United States and China have agreed to extend their tariff truce by 90 days, postponing planned increases that would have significantly raised duties on each other's goods until November 10, 2025. President Donald Trump signed an executive order maintaining current U.S. tariffs at 30% on Chinese imports and 10% on American goods entering China, preventing the scheduled hikes to 54% and beyond. This extension follows ongoing negotiations addressing complex issues such as trade imbalances, semiconductor supply chains, rare earth exports, and technology sales, although no major breakthroughs have been achieved. Both countries aim to stabilize market sentiment and supply chains amid persistent economic tensions, with the truce also linked to new U.S. port fees on Chinese vessels and efforts to manage inflation pressures. Despite the extension, underlying disputes remain unresolved, and the threat of tariff increases returning in November continues to create uncertainty for global trade and businesses reliant on these supply chains. The move was met with mixed reactions in financial markets but reflects continued willingness from both sides to engage in dialogue.