US and China extend tariff truce deadline to November

President Donald Trump has signed a 90-day extension to the US–China trade truce, averting a tariff hike set for Tuesday. The move keeps in place a May deal that paused some duties after a tit-for-tat tariff war nearly froze trade between the two nations, BBC reported.

Disputes remain over technology exports, access to rare earths, China’s purchases of Russian oil, and US demands for TikTok’s separation from ByteDance. Tariffs are still far higher than at the start of the year.

In the first half of 2025, US imports from China fell 15 percent and exports to China dropped about 20 percent year-on-year, according to BBC.