Trump Extends China Truce for 90 Days, Averting Tariff Hike
President Donald Trump has extended the truce on escalating tariffs between the United States and China for an additional 90 days. This decision comes as the two countries continue to negotiate a trade deal, preventing a significant increase in tariffs that was previously scheduled to take effect. The extension maintains the current tariff levels, avoiding a further escalation of the trade tensions between the world's two largest economies. This move is seen as a positive step, providing more time for the ongoing trade negotiations to progress and potentially reach a final agreement. The decision to extend the truce is part of the ongoing efforts to resolve the long-standing trade dispute between the US and China. It offers a reprieve from the potential economic consequences of increased tariffs, allowing both sides to focus on reaching a mutually beneficial trade deal.
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