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US and China extend trade truce to avoid tariffs hike
The US and China have extended their trade truce for another 90 days, just hours before the world's two biggest economies were set to raise tariffs on imports of each other's goods. On Monday, US President Donald Trump signed an executive order to keep the pause in place until 10 November, while Beijing also announced an extension.
The United States and China have extended a trade truce for another 90 days, the latest development in a months-long showdown between the two economic powerhouses.
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As Sean Stein, president of the US-China Business Council, told the media, the extension is "critical" to give the two governments time to negotiate a trade agreement that US businesses hope will ...
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