British News Agency

The world’s two largest economies announced in a joint statement that the triple-digit tariffs on each other’s goods, announced earlier this year, would be suspended for another 90 days.

Last month’s talks concluded with both sides describing them as “constructive.” China’s chief negotiator at the time said the two countries would push to maintain the truce, while US officials said they were awaiting final approval from President Donald Trump.

On Monday, Trump signed an executive order to extend the tariffs.

This means Washington will further delay imposing a 145% tariff on Chinese goods, and Beijing will continue to suspend a 125% tariff on US shipments.

Under the agreement, the US will keep its tariff on Chinese imports at 30%, while China will keep its tariff on American goods at 10%.

The White House stated that extending the truce would allow “more time to discuss addressing trade imbalances” and “unfair trade practices.”

The Chinese Embassy spokesperson in Washington said, “Win-win cooperation between China and the US is the right path; pressure and obstruction will lead nowhere.”

China also called on the US to remove “unreasonable” trade restrictions, work together to benefit companies on both sides, and maintain stability in global semiconductor production.