US Extends China Tariff Deadline by 90 Days to Avoid Escalation

President Donald Trump has signed an executive order extending the current pause on high U.S. tariffs on Chinese goods for another 90 days, just hours before the previous moratorium was set to expire. This extension prevents tariffs, which could have reached up to 245% on some products, from snapping back to their previous peak levels amid ongoing trade negotiations with China. The move follows recent rounds of talks between U.S. and Chinese officials, including a meeting in Stockholm and a prior agreement in May to pause most tariffs for 90 days. Trump has also urged China to significantly increase purchases of U.S. soybeans to help reduce the trade deficit. The tariffs currently include a baseline 10% on Chinese imports, with additional duties on specific goods such as fentanyl-related products and steel. Chinese officials have called for continued cooperation based on mutual respect and benefit to achieve positive outcomes in trade discussions.