U.S. and China extend tariff deadline

The world’s two biggest economies have agreed to extend their trade truce for another 90 days, staving off triple-digit import duties on each other’s goods

U.S.-CHINA TRADE IN GOODS (Jan-Jun 2025) 
$223.5 billion

$56.0bn
$167.5bn
U.S. trade deficit with China: $111.5bn

TARIFF RATES BETWEEN U.S. AND CHINA IN 2025 (%)*   U.S. China
150
145
120
60
30
0

 Feb Mar Apr May Jun Jul Aug


20 54 34 125 145 30 10

Feb 1: President Donald Trump signs executive order imposing 10% tariffs on all Chinese imports
May 12: Tariff truce begins after talks in Geneva, with both sides agreeing to 90-day pause to allow for further negotiations
Aug 11: U.S. and China agree to extend truce for another 90 days


*Data covers tariffs imposed against all imported goods for either countries. The U.S. and China have placed separate specific tariffs on select goods, which are on top of these duties


Sources: Reuters, U.S. Census Bureau © GRAPHIC NEWS