• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Trump extends China tariff pause for 90 days: report

by August 12, 2025
by August 12, 2025

President Donald Trump has extended the United States’ tariff truce with China for another 90 days, a move expected to stabilize trade relations between the world’s two largest economies and calm market fears of renewed escalation.

The decision, reported by CNBC citing a White House official, pushes back the expiration of the existing truce that was set to end Tuesday.

The agreement, reached in May, saw both countries scale back tariff measures and resume key exports in a bid to ease tensions.

Under the deal, US tariffs on Chinese imports were reduced to 30% from a high of 145%, while Beijing cut levies on American goods to 10% and resumed shipments of rare earth magnets, which are critical to US manufacturers.

Trade talks and economic implications

The extension follows a preliminary agreement reached last month in Sweden, where negotiators met to solidify terms.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng led the discussions in Stockholm, the third round of talks in less than three months.

The pact’s continuation offers breathing room for both sides to address unresolved issues, including duties linked to fentanyl trafficking, Chinese purchases of sanctioned oil, and US business operations in China.

Financial markets have reacted positively in the past to signs of progress in US-China trade relations.

Earlier this year, heightened tariff measures from both countries rattled global investors.

The latest development is likely to provide short-term stability, although the deal remains fragile amid geopolitical tensions.

The decision may also pave the way for a potential meeting between Trump and Chinese President Xi Jinping in late October, possibly coinciding with an international event in South Korea.

Rare earths and semiconductor disputes

A key focus in the ongoing talks has been the flow of rare earth magnets, which are essential for industries ranging from electric vehicles to defense.

Shipments from China to the US rebounded to 353 tons in June, up from just 46 tons in May, though still below pre-control levels.

US Trade Representative Jamieson Greer has expressed cautious optimism, noting that commitments have been made to restore supply chains to their previous stability.

The semiconductor sector remains another flashpoint.

Nvidia Corp. and Advanced Micro Devices Inc. have secured export licenses by agreeing to remit 15% of certain AI chip sales revenue from China to the US government.

Trump has also indicated openness to allowing Nvidia to sell a scaled-back AI chip to China, a sign of potential flexibility in high-tech trade restrictions.

Balancing trade and strategic competition

While the extension signals a willingness to cooperate on trade, national security concerns persist among US policymakers.

Critics warn that easing restrictions on sensitive technologies could undermine efforts to limit China’s progress in critical sectors such as defense, semiconductors, and battery technology.

Despite these concerns, both Washington and Beijing appear committed to keeping negotiations open.

The continuation of the tariff truce underscores the economic incentives on both sides to maintain a degree of stability while navigating broader strategic competition.

The post Trump extends China tariff pause for 90 days: report appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
GLD ETF readies for breakout in event-packed week
next post
From Tea Party Patriotism to Economic Nationalism: How the Right Gave Up on Small Government

Related Posts

OpenAI valuation hits $500 billion as employees sell...

October 2, 2025

Here’s why JPMorgan, Morningstar are bullish on Alibaba...

October 2, 2025

Europe markets open: Stoxx 600 jumps 0.6%, led...

October 2, 2025

Will the Tesco share price hit 500p as...

October 2, 2025

Tesco lifts profit forecast as summer, price cuts,...

October 2, 2025

Chinese carmakers expand hybrid sales in Europe as...

October 2, 2025

Hackers exploit Oracle systems, executives hit with ransom...

October 2, 2025

US digest: TrumpRx launch, job data, and government...

October 1, 2025

Asian markets: Nikkei sinks 1.16%, Sensex muted ahead...

October 1, 2025

Morning brief: Asian factory data splits on US...

October 1, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Wiliot and Walmart Partner to Transform Retail with Ambient IoT and AI

    October 2, 2025
  • Manual trades embracing IoT for safer workplaces

    October 2, 2025
  • Soracom and Skylo Roll Out Integrated Satellite IoT

    October 2, 2025
  • Mission Creep: The Fed’s Foray Into State and Local Debt

    October 2, 2025
  • I Was a Victim of Cancel Culture. Don’t Perpetuate It.

    October 2, 2025
  • OpenAI valuation hits $500 billion as employees sell $6.6 billion in shares

    October 2, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,758)
  • Editor's Pick (279)
  • Investing (185)
  • Stock (1,879)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Markets fall, defence stocks jump as Indo-Pak...

May 9, 2025

Here’s why the GoPro stock price is...

August 26, 2025

Short US30: bearish momentum strengthens as trade...

April 3, 2025