U.S.-China extend trade truce another 90 days, while Trump signals further tariffs

As the U.S. and China have agreed to extend their trade truce for another 90 days, Beijing will give relief to American companies listed on a trade and investment control list in April.

Meanwhile, global tariff uncertainty is expected to persist due to the Trump administration's tariffs imposition.

Cha Yun-kyung has more.

U.S. President Donald Trump signed an executive order on Monday extending the U.S.-China tariff truce by 90 days.

The move finalizes the outcome of last month's high-level trade talks in Sweden.

As a result, U.S. tariffs on China, cut to 30 percent in May, and China's tariffs on the U.S., lowered to 10 percent, will remain in place until early November.

Analysts say any breakthrough is likely to come only after a face-to-face meeting between President Trump and China's President Xi Jinping, possibly on the sidelines of the APEC meeting in Gyeongju, South Korea, this October.

Reviewing the Joint Statement on U.S.-China Economic and Trade Meeting in Geneva on May 12, 2025, the White House said on Monday that regarding articles outlined in "the Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025," it would suspend 24 percentage points of the 34-percent rate set then "for an additional period of 90 days."

China announced it would "adopt or maintain all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States as agreed in the Geneva Joint Statement."

To implement the consensus reached at the China-U.S. high-level economic and trade talks, effective August 12, 2025, the spokesperson of the Ministry of Commerce of China said on Tuesday that it would extend relief to American companies that were placed on a trade and investment control and unreliable entities list in April.

The Ministry of Commerce said it would stop those restrictions for some companies, while giving others another 90-day extension.

However, as the Trump administration has signaled upcoming tariffs on the pharmaceutical and semiconductor sectors later this week, global tariff uncertainty persists.

Cha Yun-kyung, Arirang News.