US, China extend tariff truce by 90 days

The United States and China have agreed to extend their tariff truce for another 90 days, averting a sharp escalation in duties as American retailers prepare for the crucial end-of-year holiday shopping season.

U.S. President Donald Trump announced the move on Monday via his Truth Social platform, saying he had signed an executive order delaying the planned tariff hikes until 12:01 a.m. EST (0501 GMT) on November 10. All other provisions of the current truce will remain unchanged during the extension.

The agreement prevents the imposition of triple-digit duties on a wide range of goods traded between the world’s two largest economies.

The looming tariff hikes had raised concerns among U.S. businesses about higher import costs and potential supply chain disruptions ahead of the holiday sales rush.

Trump described the extension as “a win for American workers, farmers, and consumers,” while Chinese officials said the pause would “create space for continued dialogue” on resolving long-standing trade disputes.

The truce, first struck earlier this year, was aimed at halting a tit-for-tat tariff war that had rattled global markets and strained bilateral relations.

Negotiations have so far failed to produce a comprehensive trade deal, but both sides have signaled that talks will continue in the coming weeks.

Retail industry groups welcomed the announcement, saying it would give companies more certainty during their busiest season.

“This extension means we can move forward with holiday inventory orders without fear of sudden cost spikes,” said one U.S. retail association spokesperson.

While the reprieve offers temporary relief, analysts warn that the underlying trade tensions remain unresolved — and the possibility of renewed tariff hikes will loom large once the 90-day window closes.