US President Donald Trump, a decree signed on Monday (11), extended for another 90 days pause in the tariffs on China imports, a White House officer said.
Prior to extension, the tariff truce between the two countries was scheduled to end on Tuesday (12). Asked this morning if the deadline would extend, the Republican president avoided commenting: “We will see what happens.”
US commercial representative, Jamieson Greer, in an interview with CBS, had already said that both sides were “working” to extend the truce, while Trade Secretary Howard Lutnick said another “about 90 days” break was possible.
With tariffs for almost all over the world, the US president had imposed 145% on Chinese products, while China applied 125%.
In May this year, both agreed in Geneva to reduce rates – Washington reduced them to 30% and Beijing to 10% – and also agreed with a 90 -day truce, which would end on Tuesday and now extended.
Counting rates that had been applied earlier, the overflow on the importation of Chinese products was 55%.
After a first meeting in Geneva and a call between Trump and Chinese dictator Xi Jinping, negotiators on both sides gathered in London, where China approved the export of rare land to the US, which in turn canceled Beijing’s “restrictive measures” such as chip export controls.
Negotiators gathered a third time in Stockholm last month, where they had expressed the willingness to extend the deadline for negotiations.
TREE comes amid Trump requests for soybean shopping
Last Sunday, through its social network, the Truth Social, Trump asked Beijing to “quickly quad up” his purchases from American farmers soybeans.
“China is concerned about soybean scarcity. Our big farmers will produce the most robust soybeans. I hope China quickly quadruples its soybean requests. This is also a way to substantially reduce its commercial deficit with the United States,” wrote the American president, who assured that “a quick service will be provided” and thanked the Chinese dictator.
