President Donald Trump extended the tariff suspension with China for 90 days on Monday, citing his “very good relationship” with Chinese President Xi Jinping. But prominent economist Mohamed El-Erian cautioned that short-term relief doesn’t ensure lasting trade calm between the world’s largest economies.
Trump Extends Tariff Pause Until November
Trump signed an executive order keeping the current 10% reciprocal tariffs in place through November 10, avoiding escalation to rates exceeding 100% that previously paralyzed bilateral trade. The president noted negotiations are progressing “quite nicely” in a Truth Social post.
The White House described the extension as “necessary to facilitate ongoing and productive discussion” addressing trade imbalances and unfair practices. Multiple negotiation rounds have focused …