Trade conflict: USA announce extended tariff pause for Xi's state visit
AI, tariffs, rare earths: The list of points of contention between China and the US is long as head of state Xi Jinping arrives in Washington. There is to be an agreement on at least one point.
U.S. government has extended a two-month moratorium on additional tariffs on Chinese imports, announced during President Xi Jinping's visit to the U.S. These tariffs were initially set to expire on November 10th. The extension comes after several high-level meetings with China's Vice Premier He Lifeng, aiming to provide more time to assess potential economic measures.
This decision came after the initial agreement to suspend high additional tariffs was made in Busan, South Korea, during U.S. President Donald Trump and Xi's October visit. The trade dispute escalated in April last year, with both countries imposing tariffs of over 100% on each other's goods. The extension of the moratorium allows more time to explore possible economic actions.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
