US President Donald Trump has extended the tariff moratorium for China until November 10, allowing more time for negotiations between the two economic powers. The suspension, which was set to expire Tuesday, maintains US tariffs at 30 per cent and Chinese tariffs at 10 per cent.

Announcing the decision on Truth Social late Monday, Trump said, “I have just signed an Executive Order that will extend the Tariff Suspension on China for another 90 days.” He described relations with Chinese President Xi Jinping as “very good,” though trade talks remain unresolved.

US and Chinese officials last met in Sweden in July for a third round of direct negotiations but failed to secure a deal that met Trump’s demands. Earlier this year, tensions peaked in April when Trump imposed a 145 per cent tariff on China, prompting Beijing to retaliate with a 125 per cent tariff and a ban on rare earth exports critical to US industries. The two sides later agreed to a 90-day truce, reducing tariffs and partially resuming rare earth shipments.

While Trump has threatened India with a 25 per cent tariff over Russian oil purchases, he has yet to issue a similar warning to China. Vice President JD Vance told Fox News such a penalty is “on the table” but no decision has been made.

Trump is also preparing for a summit with Russian President Vladimir Putin on Friday to discuss a Ukraine war resolution. In the meantime, he has proposed that China quadruple its US soybean imports and floated a deal allowing Nvidia and other chipmakers to sell certain advanced semiconductors to China, with 15 per cent of profits going to the US government.