On August 11th, local time, CCTV News reported that US President Trump had signed an executive order extending the suspension of tariffs on China for another 90 days. Trump posted on his social media platform, “Real Social,” stating that he had signed the executive order extending the tariff suspension and emphasizing that “all other terms of the agreement remain unchanged.”
The previous tariff suspension was originally scheduled to expire at 12:00 PM on August 12th, but with the extension announced, the US will temporarily suspend further tariff increases on Chinese imports from the current 30% level.
Almost simultaneously, on August 12th, the State Council Tariff Commission issued an announcement regarding adjustments to tariffs on US-origin goods.
The announcement stated that, to implement the consensus reached during the China-US economic and trade talks, and in accordance with the Tariff Law of the People’s Republic of China, the Customs Law of the People’s Republic of China, the Foreign Trade Law of the People’s Republic of China, and other laws and regulations, as well as basic principles of international law, and with the approval of the State Council, the tariff increase measures set forth in the “Announcement of the State Council Tariff Commission on Additional Tariffs on Imported Goods Originating in the United States” (Tariff Commission Announcement No. 4 of 2025) will be adjusted effective at 12:01 PM on August 12, 2025. The 24% additional tariff rate on the US will continue to be suspended for 90 days, while the 10% additional tariff rate will be retained.
On August 12, local time, China and the US reached a joint statement during the Stockholm economic and trade talks, agreeing to suspend the 24% tariff on each other’s goods for another 90 days, starting on August 12, 2025, while retaining the remaining 10% tariff.
According to the Associated Press, Sean Stein, president of the U.S.-China Business Council, said the extension is “crucial” and will buy both sides more time to reach a trade agreement that improves market access for businesses on both sides.
Many American companies hope this agreement will improve their market access in China and provide the necessary certainty to enable them to formulate medium- and long-term plans.
The continued suspension of some bilateral tariff increases between China and the United States further implements the important consensus reached in the June 5th call between the two presidents. It will help achieve the development goals of both sides and promote the growth and stability of the world economy.
These 90 days provide both a buffer period and a critical “window of opportunity.” For companies with deep roots in the Chinese and American markets, they may be able to seize this rare opportunity to adjust their supply chains and expand their cooperation. For the global economy, this move is a shot in the arm, raising hopes for a rebound in Sino-U.S. economic and trade relations.
In the next three months, can China and the United States achieve breakthroughs in trade negotiations and generate more positive signals for the global economy? Let’s wait and see. After all, every policy adjustment can impact the businesses and lives of countless people.
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