US, China extend tariff truce by 90 days, staving off surge in duties
Trade,World,China,Donald Trump,Trump Administration,Economy And Jobs,Asia
From the Center
AllSides Media Bias Rating: Center
The United States and China on Monday extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.
U.S. President Donald Trump announced on his Truth Social platform that he had signed an executive order suspending the imposition of higher tariffs until 12:01 a.m. EST (0501 GMT) on November 10, with all other elements of the truce to remain in place.
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