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The executive order was issued a day after President Trump urged China to significantly increase its purchases of US soybeans.
Without the order being passed, US tariffs on Chinese goods would have surged by 145%
US President Donald Trump has signed an executive order on Monday, extending the tariff truce deadline with China by 90 days, Reuters reported, citing a White House official. The order follows high-level talks between top officials from both countries, who met in Stockholm in July to explore the possibility of shifting the deadline to reach a negotiated agreement on tariffs.
A White House official confirmed the latest decision, which came just hours before US tariffs on Chinese goods were due to revert to triple-digit rates. The previously agreed tariff truce between Beijing and Washington was scheduled to expire at 00:01 ET on Tuesday.
The executive order, signed on Monday, was issued a day after President Trump urged China to significantly increase its purchases of US soybeans by as much as fourfold. At the same time, Washington has been pressuring Beijing to halt imports of Russian oil, with Trump warning of potential secondary tariffs on Chinese entities found violating the directive.
When asked by reporters during a press conference on Monday whether he intended to extend the deadline, Trump responded, “We’ll see what happens. They’ve been dealing quite nicely. The relationship is very good with President Xi (Jinping) and myself.”
Without the order being passed, US tariffs on Chinese goods would have surged by 145%, while Chinese tariffs on American goods were set to rise to 125%. At present, imports from China into the US are subject to a 30% tariff, which includes a 10% base rate and an additional 20% imposed in relation to fentanyl-related policy measures. These rates were implemented by Washington earlier this year, between February and March. In response, China currently levies a 10% tariff on goods imported from the US.
Both nations have made repeated efforts in recent months to reach a consensus on tariff policy, following the imposition of reciprocal triple-digit tariffs. In May, during a meeting in Geneva, Switzerland, the two sides agreed on a temporary truce, initiating a 90-day period for continued negotiations. They met again in Stockholm, Sweden, in late July, although no official extension was announced at the time. However, both parties described the talks as constructive, signalling the possibility of a truce extension.
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