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The United States and China continued their trading truce within 90 days before the tariff jump began.
The executive order signed by US President Donald Trump on Monday retains an agreement since May, when both sides temporarily suspended some tariffs for each other’s goods.
The US warned that higher tariffs may start on Tuesday if this truce is not extended.
Negotiations last month ended with both parties, calling discussions “constructive”. At the time, China’s chief negotiator said both sides would push the truce, while US officials said they were expecting a final retreat from Trump.
Return Higher duties would risk holding further upset and uncertainty against the background Cares about the impact of tariffs on prices and economics.
In April, Trump presented tensions between the US and China, after Trump introduced the gaps of new tariffs from the world, with China encountered some of the highest levies.
Beijing avenged his own tariffs, which caused a fight for tits, which saw the tariffs flew into triple figures and almost closed the trade between the two countries.
Both sides agreed to cancel some of these measures in May.
This Agreement has left Chinese goods that entered the US, which face an additional 30% tariff compared to the beginning of the year, and in China new tariffs have been 10%.
Both sides remain in discussions on issues, including access to China’s rare land, its purchase of Russian oil and US restrained advanced technology sales, including China.
Trump has recently relaxed some of these export restrictions, which allowed firms like AMD and Nvidia to restore certain firms to China in exchange for sharing 15% of their government revenue.
The United States is also pushing for a Tiktok shutdown from a Chinese owner who has opposed Beijing.
Earlier, on Monday, Trump did not pledged to expand the truce, but stated that the transactions were “beautiful”. A day earlier, he urged Beijing to increase his US soybean purchases.
Even with a truce trading streams between the countries suffered this year, with American government figures Imports of Chinese goods in June showed us almost half compared to June 2024.
In the first six months of the year, the United States imported goods in China worth $ 165 billion (130 billion pounds), which is approximately 15% compared to the same time last year. American exports to China N about 20% per year for the same period.
