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Trump Extends China Tariff Truce | Balance of Power
Posted
August 12, 2025
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August 12, 2025
6,606
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President Donald Trump extended a pause of higher tariffs on Chinese goods for another 90 days into early November, stabilizing trade ties between the world’s two largest economies.
Trump signed an order extending the truce through Nov. 10, deferring a tariff hike set for Tuesday. The de-escalation first took effect when the US and China agreed to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies.
“All other elements of the Agreement will remain the same,” Trump said in a Truth Social post, suggesting no planned changes to US trade policy or to the terms of the arrangement. A fact sheet, posted by the White House, didn’t detail any modifications beyond the date extension.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Wiley Rein National Security Practice Group Lead Nazak Nikakhtar.
Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino.
Democratic Congressman Jake Auchincloss of Massachusetts.
Bloomberg US Treasury Reporter Daniel Flatley.
Republican Congressman Tim Burchett of Tennessee.
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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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