In a move that has significant implications for global trade, the United States and China have agreed to extend their current tariff truce for another 90 days. This decision comes as a relief to many, as it sidesteps sharp duty increases that were set to take effect this week and gives both sides more time to negotiate on trade disputes.
President Donald Trump announced the extension via his Truth Social account, stating that he had signed an executive order delaying higher tariffs until November 10 at 12:01 a.m. EST. This move marks the second time the deadline has been extended, highlighting the complexity and sensitivity of the ongoing trade negotiations between the two economic powerhouses.
The extension of the tariff truce is seen as a positive development by many analysts and experts, as it provides a window of opportunity for both countries to continue discussions and work towards a mutually beneficial trade agreement. The decision to delay the imposition of higher tariffs reflects a desire to avoid escalating tensions and maintain stability in the global economy.
However, some critics argue that the prolonged uncertainty surrounding trade relations between the US and China could have negative consequences for businesses and consumers. The fluctuating nature of tariffs and trade policies creates challenges for companies that rely on stable trade conditions to plan and make strategic decisions.
Overall, the extension of the tariff truce is a significant development in the ongoing trade negotiations between the US and China. It underscores the importance of dialogue and cooperation in resolving trade disputes and promoting economic stability on a global scale.
#TradeTruce #GlobalEconomy #USChinaRelations #NexSouk #AIForGood #EthicalAI
References:
– BBC: [Tariffs: US and China extend trade truce deadline for another 90 days](https://news.google.com/rss/articles/CBMiWkFVX3lxTFBUTWYwVlZyYjVNSHp5REs4R0ZNd0xSZzFiT2IweFZPYV93Zzh2dDQ3MXVTUU14TkMxd1FsY3lBQlAzMjNxUVlLdHladHJSeEVDYnF5ejRRNkNVUdIBX0FVX3lxTE9razBFRUgzYjIyWXhFQzVJdFZkVVpEa0ZPaVIzbUhDblZjWUdOaUZQLWJMVDJxVHNaZExxWExYbHdSZnI4aXVOYzltVEJZNnlxMGdRWHQ5bnViOWRwbHNR)
– NPR: [U.S. and China extend tariff truce deadline for another 3 months](https://www.npr.org/2025/08/12/nx-s1-5500039/us-china-tariffs-trade-truce)
– Today: [Trump Extends China Tariffs Deadline by Another 90 Days](https://www.today.com/video/trump-extends-deadline-on-china-tariffs-another-90-days-244767301540)
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