The United States stops the upper definitions of China that expires. What do you know – my country

Stop for 90 days on the imposition of a higher tariff on China Its validity is scheduled to end on Tuesday and it is not clear whether it will be extended.

After the last round of the commercial talks between China and the United States, which was held late last month in Stockholm, Chinese and American officials said they expect the deadline for another 90 days. The American team said the decision was up to President Donald Trump. There has been no official announcement yet about whether it would support an extension or progress in the higher definitions.

He has left the uncertainty of companies to fold the forgetfulness and the decision to raise import duties, which might be flying on the markets of the world.

Trump has changed the final dates and tariff rates frequently, and none of the parties indicated what was planning on Tuesday. The extension of the deadline on August 12 to reach a commercial agreement with China will nullify the previous threats with definitions of 245 percent.

Treasury Secretary Scott Payette said that Trump decides about 90 days to provide time to provide the details of the definitions agreement on most products by 50 percent, including additional import duties related to illegal trade in strong fentanel.

The higher customs tariff aims to compensate for the huge and chronic American trade deficit with China, which reached its lowest level in 21 years in July, as the threat of customs tariffs in Chinese exports.

It is not customary for the United States to make hints about the location of talks, but it is rare for China to make ads until large decisions are set. To date, Beijing has declined to comment before the deadline on Tuesday.

In an interview with Fox News it was registered on Thursday but was broadcast on Sunday, US Vice President JD Vance said that Trump is considering an additional tariff on Beijing due to China’s purchases of Russian oil. But Trump said, “He did not make any fixed decisions.”

The high tariffs on Chinese exports to the United States will put great pressure on Beijing at a time when the Chinese economy, the second largest in the world, is recovering from a long shrinkage in the real estate market. The continuous effects of Covid-19 epidemic have left millions of people depend on the “party work”, which dares to the labor market. The high import taxes on small parcels of China also affected smaller factories and accelerate workers’ demobilization operations,

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But the United States relies heavily on imports from China for all types of products, from home commodities and clothing to wind turbines, basic computer chips, electric vehicles and rare grounds needed to make them. This gives Beijing some strong influence in negotiations with Washington.

Even with high tariffs, China is still competitive for many products. Its leaders realize that the American economy has just started to feel high -price effects from the extensive Trump tariff.

Currently, imports from China are subject to a 10 % baseline tariff and an additional 20 percent tariff related to the issue of fentanel. Tax is imposed on some products at higher rates. American exports to China are subject to the definitions of about 30 percent. Before the two sides called a truce, Trump threatened to impose import fees of 245 % on Chinese goods. China has taken revenge by saying that it would raise its tariff on US products to 125 %.

The trade war between the two largest economies in the world has repercussions throughout the global economy, which affects industrial supply chains, and demand for goods such as copper, oil and geopolitical such as the war in Ukraine.

After a phone call to Chinese leader Xi Jinping in June, Trump said he hoped to meet the eleventh later this year. This is an incentive to reach a deal with Beijing.

If the two sides fail to maintain their truce, commercial tensions may escalate and definitions may rise to higher levels, causing more pain in both economists and global markets. Companies will refrain from providing investment and employment obligations, while inflation rises.

Economic Oxford said in a recent report:

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