PREVIEW

U.S. and China Extend Tariff Truce, Averting Trade War Escalation. The United States and China are keeping their trade truce alive — for now. On Monday, both countries agreed to extend their tariff pause for another 90 days avoiding sharp triple-digit duties that could have crippled trade. President Donald Trump announced the delay on Truth Social, signing an order to push back tariff hikes until November 10. China quickly matched the move, also pausing extra tariffs and planned restrictions on U.S. companies. The extension comes just as retailers stock up for the holiday season, keeping tariffs at 30% for Chinese imports and 10% for U.S. goods. Without it, rates would have soared above 125%, creating what experts call a "virtual trade embargo.” Trump says talks with Beijing are progressing and a meeting with President Xi could happen before year's end. Analysts say the step shows both sides are testing the waters for a broader deal this fall.
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