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China, US extend tariff truce, signaling fragile progress in trade talks

By MLex Staff ( August 12, 2025, 04:46 GMT | Insight) -- China and the US have agreed to extend their 90-day tariff truce, temporarily averting a new round of escalation and signaling a cautious willingness to continue trade negotiations. The decision — announced just hours before the truce was set to expire on Monday — comes amid mounting pressure on both governments to stabilize a relationship strained by renewed economic rivalry during President Donald Trump's second term.China and the US have agreed to extend their 90-day tariff truce, temporarily averting a new round of escalation and signaling a cautious willingness to continue trade negotiations....

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