{"id":128947,"title":"Wall Street steady ahead of open after China prolongs US tariff suspension","publisher":"Share Talk","author":"sharetalk","published":"2025-11-05T12:46:17+00:00","modified":"2025-11-05T12:46:17+00:00","canonical_url":"https://www.share-talk.com/wall-street-steady-ahead-of-open-after-china-prolongs-us-tariff-suspension/","markdown_url":"https://www.share-talk.com/wall-street-steady-ahead-of-open-after-china-prolongs-us-tariff-suspension.md","json_url":"https://www.share-talk.com/wall-street-steady-ahead-of-open-after-china-prolongs-us-tariff-suspension.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["ARTIFICIAL INTELLIGENCE","china","Dow Jones","Gold","Nasdaq Composite","oil prices","Palantir Technologies","S&P 500","Treasury yields","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/CHINA-V-USA.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"**U.S. stocks** showed little direction in **premarket trading on Wednesday** after **China** announced it will **extend a suspension of additional tariffs on U.S. goods for one year**, signalling a continuation of the fragile trade truce between the world’s two largest economies.\n\nThe **Dow Jones Industrial Average** was **flat**, while the **S&P 500** and **Nasdaq Composite** edged **0.2% to 0.3% lower**, as investors weighed the implications of the renewed agreement on global trade and inflation prospects.\n\nThe move formalises the **deal reached last week** in talks between **Chinese President Xi Jinping** and **U.S. President Donald Trump** during their meeting in **South Korea**, where the leaders agreed to **prolong the current trade détente** for another year.\n\nA statement released on the **Chinese Ministry of Finance** website, citing the **State Council**, confirmed that:\n\n> “For one year the 24% tariff on U.S. goods will continue to be suspended, and a 10% tariff on U.S. goods will remain.”\n\nThe decision, effective **November 10**, reflects “**the consensus reached in the China-U.S. economic and trade consultations**,” the ministry added.\n\nOn Tuesday, **President Trump** reciprocated by formalising a U.S. move to **halve additional tariffs on Chinese imports from 20% to 10%**, also effective from **November 10**, in a step aimed at easing trade tensions."}