US & China
US and China Are Expected to Extend Trade Truce by 90 Days, SCMP Says
Gantry cranes and container ships at the Yangshan Deepwater Port in Shanghai, China.
Photographer: Qilai Shen/BloombergUS and China are expected to extend their tariff truce by another three months, the South China Morning Post reported, citing unnamed sources.
The two countries will not impose additional tariffs on each other during the extension, one of the sources told the newspaper. The current pause was to end Aug. 12.