President Trump announced on Monday the signing of an executive order to further suspend US tariffs on China for 90 days, with the Ministry of Commerce of China also taking corresponding measures. This marks the second extension of the truce between the US and China since May.
The first truce period on US-China tariffs expired on Tuesday, August 12, President Trump announced on the social platform Truth Social that he had signed an executive order to suspend the imposition of tariffs on China, extending the bilateral truce agreement until November 10 this year.
Trump’s executive order stated, ‘The United States and China continue to negotiate on the lack of trade reciprocity in our economic relationship… Through these negotiations, China has continued to take significant steps to improve…
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