Reported about 7 hours ago
The United States and China have agreed to extend their pause on tariff increases by an additional 90 days, as announced by President Donald Trump. This decision prevents a significant rise in tariffs that would have jeopardized trade between the two countries. Originally set to escalate to 54% on Chinese goods and 34% on American exports, the extension confirms that both countries will maintain current tariffs while negotiations continue. The announcement follows a meeting between U.S. and Chinese officials in Sweden and aims to ensure smoother trade relations amidst ongoing concerns about each country's purchases of Russian oil.
Source: YAHOO