💨 Abstract

This article discusses the pending expiration of a 90-day pause on imposing higher tariffs on China. President Trump's decision on extending the pause remains unclear, causing business uncertainty. The U.S. aims to reduce its trade deficit with China, but high tariffs could strain China's recovering economy and disrupt global supply chains. Both countries are awaiting Trump's decision, which could significantly impact global markets and trade relations. Extended talks aim to resolve tariffs, including penalties on fentanyl-related trades.

Courtesy: WTOP Staff