US, China extend tariff truce by 90 days, staving off surge in duties
It’s pretty hard to avoid news on any of the newest tariff announcements, but at the risk of being redundant, here is a quick update on the latest announcement. The Reuters article has some good charts.
The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other’s goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season
Read more:
Reuters: https://www.reuters.com/world/china/us-china-extend-tariff-truce-by-90-days-staving-off-surge-duties-2025-08-12/
White House: https://www.whitehouse.gov/presidential-actions/2025/08/further-modifying-reciprocal-tariff-rates-to-reflect-ongoing-discussions-with-the-peoples-republic-of-china/