Donald Trump Extends Trade Truce with China by 90 Days

Trump Extends Trade Truce with China for 90 Days

U.S. President Donald Trump has decided to extend the trade truce with China regarding tariffs by an additional 90 days, American media reported on Monday.

To formalize this decision, the president signed a decree that suspends new tariffs until mid-November, according to local press sources and a White House official.

This extension is viewed by observers as a logical continuation of recent discussions between American and Chinese negotiators. The two economic powerhouses, engaged in a trade war characterized by high tariffs since the spring, had initially reached a 90-day truce in May in Geneva.

This temporary agreement capped the American surcharge on Chinese products at 30%, while the tariffs imposed by China on American imports were set at 10%.

Since then, several rounds of negotiations have taken place, including meetings in London and Stockholm, involving high-ranking officials from both sides, aimed at preventing further escalation and maintaining the fragile balance achieved.

Earlier in the day, Donald Trump assured that discussions with Beijing were progressing "rather well," praising his "excellent relations" with Chinese President Xi Jinping. For its part, China has expressed a desire to reach a "positive" outcome in these trade exchanges.