The U.S. and China have extended their tariff truce for 90 days, keeping duties at 30% on Chinese imports and 10% on U.S. goods, and averting a spike that could have pushed rates above 100%. The move eased market fears ahead of the holiday season but left major disputes unresolved.
Key sticking points include China’s curbs on rare-earth exports, U.S. chip-export rules, market-access demands, Trump’s push for quadrupled U.S. soybean sales, and tensions over China’s imports of Russian oil.
The extension buys time for further talks, with a potential Trump–Xi summit expected this fall, but analysts warn deep economic and geopolitical rifts remain.