The United States, China extends on the date for a 90 -day tariff before its expiration – national

US President Donald Trump extended a trade truce with China For another 90 days on Monday, at least a dangerous confrontation between the world’s largest economist.

Trump posted on his social platform to the fact that he signed the executive order to extend, and that “all other elements of the agreement will remain the same.” Beijing also announced at the same time the extension of the cessation of the customs tariff, according to the Ministry of Trade.

The previous deadline was appointed at 12:01 am on Tuesday. If that happened, it was possible for the United States to escalate taxes on Chinese imports already of 30 percent, and Beijing could have responded by raising revenge fees on American exports to China.

He buys temporarily stopping for the two countries to provide some of their differences, and perhaps clearing the road to a top later this year between Trump and Chinese President Xi Jinping, and American companies welcomed them with China.

Sean Stein, head of the Chinese Business Council, said that the extension is “decisive” to give the two governments time to negotiate a commercial agreement that American companies hope to improve their arrival in the market in China and provide the certainty to companies to develop medium and long -term plans.

Stein said: “The securing of an agreement on fentianils leads to a decrease in American definitions and the decline in Chinese reprisals. There is an urgent need to restart American agriculture and energy export.”

China said on Tuesday that it would extend relief to American companies that were placed in the export monitoring list and an unreliable entity list. After Trump initially announced the definitions in April, China restricts the exports of good use commodities for some American companies, while preventing others from trading or investing in China. The Ministry of Commerce said that it will stop these restrictions on some companies, while giving others another 90 -day extension.

Access to an agreement with China remains incomplete for Trump, who has already raised the global trading system by slapped double-numbers taxes-almost every country on Earth’s face.

The European Union, Japan and other commercial partners have agreed on unbalanced commercial deals with Trump, as it is accepted once unimaginable by the customs tariff in the United States (15 percent of Japanese imports and the European Union, for example) to ward off something worse.

Trump’s commercial policies have transformed the United States from one of the world’s most open economies into a protective castle. The average US tariff went from about 2.5 percent at the beginning of the year to 18.6 percent, which is the highest since 1933, according to the budget laboratory at Yale University.

But China has tested the boundaries of an American trade policy based on the use of customs tariffs as a country to overcome concessions from trade partners. Beijing had a set of itself: cutting or slowing the access to its rare and magnetic ground minerals – used in everything from electric cars to jet engines.

In June, the two countries reached an agreement to alleviate tensions. The United States said it would decrease export restrictions on computer chips and ethane technology, which are extracting materials in the production of petrochemical. China has agreed to facilitate American companies to reach rare land.

“The United States has realized that it does not have his highest hand,” said Claire Reed, the chief adviser to Arnold and Porter and a former American assistant representative.

Going now

• New Bronzwick fire

• Montreal’s father attacked his children to anger from officials

In May, the United States and China avoided an economic catastrophe by limit

This triple tariff that threatened to end the effective trade between the United States and China and caused frightening sales in the financial markets. At a meeting in May in Geneva, they agreed to retreat and continued to talk: The American customs tariff returned to 30 percent still high and China reaches 10 percent.

After showing their ability to harm each other, they have been speaking since then.

“By exaggerating the ability of the sharp definitions to make economic concessions from China, the Trump administration has not only confirmed the borders of the US leverage unilaterally, but also gave Beijing’s lands because it believes that it could enjoy the upper hand in subsequent talks with Washington by threatening the export of rare land.” “The management of the administration to a commercial measure stems from the consequences of its responsibility earlier.”

It is unclear whether Washington can reach a big deal on the largest oppression of America. Among these things are Chinese centenary protection for intellectual property rights, Beijing’s support and other industrial policies that, as Americans say, gives Chinese companies an unfair advantage in global markets and contributed to a massive American trade deficit with China of $ 262 billion last year.

Reade does not expect a lot of limited agreements such as Chinese who say they will buy more American soybeans and promise more to stop the flow of chemicals used to make fentanel and allow the continued rare magnetic flow.

“The most stringent issues will remain, and” the trade war will continue to move forward for years in the future, “said Jeff Moon, a former commercial official who now runs the Moon Strategies Consulting in China.

–The Associated Press Josh Bouak and Huchung Woo’s book contributed to this story.

And copied 2025 Canadian press