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Have the US and China reached a trade deal?

Asked 1 day ago

Answer

The US and China have not reached a comprehensive trade deal. Instead, they have extended a tariff truce by 90 days, delaying higher tariffs and allowing more time for negotiations.

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Reuters

U.S. and China extend tariff truce by 90 days

Reuters ยท Current
Reuters
Reuters
Current
  • U.S. and China agreed to extend their tariff truce by 90 days, averting higher duties.
  • The extension prevents tariffs from rising to 145% on Chinese goods and 125% on U.S. goods. 13s
  • China also paused new trade restrictions on some U.S. firms. 45s
  • The U.S. trade deficit with China has narrowed significantly over recent months. 1m 35s
  • The U.S. continues to pressure China over its purchases of Russian oil. 1m 54s
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References

U.S. and China extend tariff truce by 90 days
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Reuters
1 day ago
U.S. and China extend tariff truce by 90 days

Beijing and Washington agreed to extend a tariff truce for another 90 days, only hours before it was due to expire.

Trump extends China tariff deadline by 90 days
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CNBC
2 days ago
Trump extends China tariff deadline by 90 days

The president has now signed an executive order to extend that China trade negotiation for another 90 days.

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