💨 Abstract

President Donald Trump extended a trade truce with China by 90 days, delaying a potential economic showdown. Both sides agreed to maintain current tariff levels, allowing time for negotiations. The pause is crucial for U.S. businesses, providing certainty and potential market access improvements. China also extended relief to some American companies previously restricted. The move follows earlier tariff reductions and ongoing talks to ease tensions, though significant issues like intellectual property rights and trade deficits remain unresolved.

Courtesy: WTOP Staff