The actually intended higher tariffs in the trade between the United States and China are initially exposed to. US President Donald Trump signed a decree that provides for a further shift until November 10th at 00.01 (local time Washington). The Beijing Ministry of Commerce also confirmed the new deadline shortly afterwards.
The United States intended to continue to have talks with China in order to clear up imbalances in the trade, the decree said. “All other elements of the agreement remain unchanged,” Trump wrote on his Truth Social platform. The US President spoke of a delay of 90 days.
Repeated conversations between the USA and China
Since April, the United States has gradually increased the import duties on Chinese goods up to 145 percent. China reacted to strategically important raw materials with counter -tariffs of up to 125 percent and imposed export controls. In May, both sides in Geneva agreed on a 90-day suspension of the new tariffs. Further talks in London followed in June.
At the end of July, delegations of the two largest economies in the world in Stockholm came together for new discussions about their customs conflict – but with no result. At that time, both sides left open after two -day trade talks whether the suspension would be extended again. The break so far would have expired this Tuesday.
The extension now announced avoids an escalation of the trade disputes. At a later point in time, President Trump and XI Jinping could meet. A direct conversation between the two heads of state is crucial in order to infect political guidelines beyond technical details.
Dispute is not just about tariffs itself
The tensions between the two countries go far beyond the question of tariffs. Beijing criticizes US export controls for semiconductors and AI chips that make Chinese companies access to modern technology. Washington, in turn, accuses China of specifically holding certain raw materials back.
It was only on Monday that Trump confirmed media reports that the US government was 15 percent in the case of sales of AI chips from American corporations Nvidia
Despite the hard tones, both governments recently broadcast signals. China was open to progress. In an editorial of the state “Volkszeitung”, the communist party’s mouthpiece, it was said that Beijing was ready to make substantial progress with Washington. China continues to rely on a constructive dialogue.
Unlike many other states, China reacted to the punitive tariffs introduced by the United States under Trump with immediate counter -oils from the start. Beijing waived one -sided concessions and instead consistently relied on corresponding retaliation.