Trump announces another 90-day pause on China tariffs

Asked earlier on Monday whether he would extend the lower rates, Trump told reporters: “We’ll see what happens. They’ve been dealing quite nicely. The relationship is very good with President Xi (Jinping) and myself.”

The tariff truce began in May after talks in Geneva, where both sides agreed to a 90-day pause to allow further negotiations. They met again in Stockholm in late July but did not announce a new deal at the time.

Kelly Ann Shaw, a former senior White House trade official now at Akin Gump Strauss Hauer & Feld, told Reuters she expected Trump to extend the “tariff détente” for another 90 days. “It wouldn’t be a Trump-style negotiation if it didn’t go right down to the wire,” she said.

Shaw added that the pause was meant to create space for broader talks, with discussions covering issues such as soybean sales, export controls and excess industrial capacity.

Ryan Majerus, a former US trade official now at King & Spalding, told Reuters the extension would “undoubtedly lower anxiety on both sides” as work continues on a possible framework deal in the autumn.

The White House gave no further comment beyond Trump’s remarks. The Treasury Department and US Trade Representative’s Office did not respond to questions.

US Treasury Secretary Scott Bessent said Washington has “the makings of a deal” with China and was “optimistic” about progress. On Sunday, Trump urged Beijing to quadruple purchases of US soybeans, although analysts questioned whether that was realistic. He did not repeat the call on Monday.

Washington has also been pressing China to stop buying Russian oil, with Trump warning of possible secondary tariffs if purchases continue, Reuters reported.

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