China and US are expected to extend tariff pause by another 90 days

FXStreetJul 28, 2025 3:15 AM

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The United States (US) and China are expected to extend their tariff truce by another three months, SCMP reported on Sunday. The world’s two largest economies will not impose additional tariffs on each other during the extension and the current pause was to end August 12.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are scheduled to meet on Monday in Stockholm. Bessent said the meeting will include a broader range of topics, including Beijing’s purchases of oil from Russia and Iran.

Market reaction

At the time of writing, AUD/USD is trading 0.11% higher on the day at 1.1755.

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