US and China postpone tariff truce for a period of 90 days
The July 2025 Stockholm talks marked a significant moment in the ongoing U.S.-China trade war, as both nations agreed to extend the tariff truce and avoid a sharp increase during a critical shipping period.
The extension, which was confirmed by U.S. President Trump on his Truth Social platform, means the tariff truce will now last until November 10, 2025. This decision came following the third round of high-level trade consultations between the two countries.
The talks, described as "in-depth, candid, and constructive," did not produce a final joint statement or new tariff rate adjustments. However, they laid the groundwork for an executive order signed by President Trump on August 11, 2025, which extended the tariff truce for another 90 days.
The key adjustments in the agreement involve maintaining the existing tariff suspension arrangements without agreement on new material changes. As a result, tariffs remain paused at reduced levels, with U.S. tariffs on Chinese imports now at about 30%, down from an earlier 145% peak.
The extension offers short-term trade stability while longer negotiations continue. Both sides continue negotiations with cautious optimism but have not yet reached a longer-term resolution.
It's important to note that the 10% tariffs will remain unchanged, and all other elements of the agreement will remain unchanged according to Trump's statement. The agreement was also published by the Chinese Ministry of Commerce's press service.
The tariff increases and retaliations between February and April 2025 escalated the trade war between the U.S. and China. However, this extension provides a temporary reprieve, offering hope for a potential de-escalation in the near future.
[1] White House Press Release, "President Trump Announces Extension of Tariff Truce with China," August 11, 2025.
[2] Chinese Ministry of Commerce Press Release, "U.S.-China Tariff Truce Extended," August 11, 2025.
[3] The New York Times, "U.S.-China Trade Talks in Stockholm Yield Extension of Tariff Truce," July 31, 2025.
[4] The Wall Street Journal, "U.S. Tariffs on Chinese Goods Drop as Part of Ongoing Truce Efforts," August 15, 2025.
[5] Financial Times, "U.S.-China Trade War: A Closer Look at the Stockholm Talks," August 1, 2025.
[1] The extension of the tariff truce between the U.S. and China, as announced by President Trump on his Truth Social platform, is a significant development in the ongoing business-politics landscape and general-news headlines.
[2] The agreement, confirmed by both the White House and the Chinese Ministry of Commerce, indicates a potential easing of tensions in the finance industry, as tariffs will remain paused at reduced levels for an additional 90 days.
[3] The Stockholm talks, a part of the ongoing U.S.-China business negotiations, signify a step forward in the finance and industry sectors, with both nations showing cautious optimism for a long-term resolution.
