China Extends US Trade Truce
China has extended its trade truce with the United States by two months, maintaining the suspension of additional tariffs and export controls on critical minerals. The move aims to allow further economic discussions following previous leadership meetings.
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China extended its trade truce with the United States by two months on Monday, maintaining the suspension of a 24% additional tariff on imports. The extension arrives as leaders prepare to meet at the APEC leaders summit in China next week. Both nations previously proposed a $60B reciprocal tariff package following a September summit in Washington.
