The United States formalizes suspension of tariffs on imports from China for 1 year following agreement with Xi

The United States government has formalized, through the signing of an executive order, the decision to suspend for one year the increase in tariffs applied on imports from China, within the framework of the economic agreement established between the two countries following a meeting between U.S. President Donald Trump and China's President Xi Jinping in South Korea. The document, which is set to be published on Friday, the 7th, in the (the official journal of the U.S.), indicates that the country will maintain the suspension of reciprocal tariffs until November 10, 2026. The tariff increase was scheduled to take effect on November 10, 2025. The text highlights that the decision aligns with the commitments made by Beijing in the previous weeks. The White House assesses that the pact "will help correct non-reciprocal trade practices and reduce the U.S. trade deficit." According to Trump's decree, the U.S. government highlights that China has committed to postponing and eliminating ...