The United States and China have announced to extend the suspension of 24 percentage points of reciprocal tariffs on each other's goods for another 90 days, starting August 12, 2025, in a move seen as an effort to stabilise strained economic ties between the world's two largest economies.

Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm.

The United States and China have extended their tariff deadline for another 90 days, preventing an escalation of the trade war between the world’s two largest economies, with markets rallying after President Donald Trump announced the pause.