WASHINGTON(The COW News Digital)US President Donald Trump has extended the current tariff agreement with China for an additional three months, averting an imminent expiration that was scheduled for today. The extension comes through a presidential order signed by Trump, ensuring that the existing tariff rates remain in place until the new deadline.
According to foreign news agencies, the original tariff deal between the US and China was set to expire today, but the extension aims to maintain stability amid ongoing trade tensions between the two economic giants.
The tariff conflict began earlier this year when President Trump imposed a 145 percent tariff on Chinese imports in January, targeting a broad range of products. In retaliation, China levied a 125 percent tariff on American goods, escalating the trade dispute.
Both countries later agreed to a partial rollback of tariffs in May as part of an initial de-escalation deal. The United States reduced tariffs by 30 percent, while China followed by lowering its tariffs by 10 percent.
Under the new presidential order, these reduced tariff rates will continue to apply for the next three months. This extension signals Washington’s intent to keep diplomatic and trade channels open, buying more time to negotiate a longer-term resolution to the trade dispute.
Economic analysts say the extension could provide temporary relief to markets that have been volatile due to fears of a prolonged trade war. However, many experts caution that deeper structural issues between the two countries remain unresolved and could resurface once the extension period ends.
The trade war has impacted global supply chains, increased costs for manufacturers, and led to uncertainty for businesses and consumers worldwide. Both countries have expressed interest in finding a mutually acceptable trade deal, but progress has been slow and marked by ongoing disagreements over issues such as intellectual property rights, market access, and subsidies.
President Trump’s decision to extend the tariff agreement is seen as a strategic move to prevent further economic disruption while negotiations continue behind the scenes.
This development is closely watched by global markets, policymakers, and industries dependent on US-China trade relations.
The next three months will be critical in determining whether both nations can reach a comprehensive trade agreement or if tariffs will escalate again, affecting international commerce and economic growth.
