US extends China tariff truce by 90 days; Trump-Xi summit on cards?

added a post in Business

2025-08-12 02:23:11 -

President Trump has extended the trade truce with China for 90 days, delaying tariff escalations and export controls. This extension aims to provide more time for Washington and Beijing to resolve trade disputes and potentially arrange a summit between Trump and Xi Jinping later this year. While negotiations continue, analysts remain cautious about the prospects for a final deal.

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