US, China agree to extend tariff suspension by 90 days
Officials from both sides reached a preliminary agreement in Sweden to postpone tariffs until November 12, 2025, instead of August 12, 2025.
This is the third round of negotiations, focusing on reducing trade tensions, but has not yet resolved core issues such as the $400 billion trade deficit.
US Treasury Secretary Scott Bessent confirmed the extension to continue the dialogue, but warned that if no progress is made, tariffs will increase by 34% as planned. $BTC