The Chinese Ministry of Commerce said on Tuesday that “Beijing will take all necessary measures to suspend tariffs and remove other non-tariff barriers.” Meanwhile, U.S. President Donald Trump announced on Monday evening that he signed an executive order to extend the suspension of tariffs on Chinese goods until November 10, 2025. It is noted that the American decree was signed by Trump just hours before midnight, as the period to defer the tariffs imposed by Trump was set to expire. Earlier, Trump mentioned that his administration, similar to the measures imposed on India due to its purchase of Russian oil. Trump explained to reporters last Wednesday, in response to a question about his plans to impose higher tariffs on China: “It might happen, it depends on how things go.”
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