🔄 After delays, the White House confirmed that the US has signed an executive order to extend its suspension of higher tariffs on China for another 90 days. This is the third extension since May 2025, following the Stockholm talks on July 28–29 where both parties agreed to hit pause on 24% reciprocal tariffs. 🤝
Why it matters: Tariffs are like extra taxes on imports—when they go up, gadgets, sneakers, and your fave online buys get pricier. Keeping them on hold helps keep prices steadier and buys negotiators more time to hammer out a deal.
Key points:
- 🔍 Third 90-day extension since Geneva talks.
- 🛠️ Deep cuts are tricky due to political pressures in Washington.
- ⚖️ Targeted tweaks—like sector exemptions or new levies—could be next.
- 📈 US inflation this fall (think holiday shopping) could tip the scales.
- 🌐 A potential Trump–Xi chat might unlock fresh progress.
What’s next? If no big deal by mid-November, expect another 90-day pause. Stability is the goal—even if it feels like a fragile ceasefire in a longer trade war. For now, both sides seem to agree: better to keep things steady than rock the boat. 🚢
Reference(s):
China, U.S. extend tariff hike suspension: Stability amid uncertainty
cgtn.com
