The move follows multiple rounds of high-level negotiations aimed at addressing trade imbalances, expanding market access, and aligning on economic and national security concerns.
The extension comes as the original 90-day suspension, introduced under Executive Order 14298, was set to expire at 12:01 a.m. EDT on August 12, 2025. The agreement builds on commitments made in the Geneva Joint Statement of May 12, 2025, and subsequent meetings in London and Stockholm. In line with this, the US will continue to suspend the heightened tariffs imposed under Executive Order 14257, while China will suspend equivalent measures and remove certain non-tariff countermeasures, the Shite House said in a press release.
President Donald Trump signed an Executive Order formalising the extension, citing progress in talks with Beijing. “We’re getting along with China very well,” he said, highlighting recent constructive engagement. The US goods trade deficit with China stood at $295.4 billion in 2024, the largest with any trading partner, but officials say the gap is narrowing.
Treasury Secretary Scott Bessent, US Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng led the Stockholm talks on July 28-29 that resulted in the extension. Both sides stressed their commitment to constructive engagement to achieve “fair and balanced trade” and protect domestic industries.
ALCHEMPro News Desk (KD)
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