As per reports, the US and China have extended their trade truce until 10 November, delaying previously announced tariff increases that were set to take effect imminently.
• The agreement maintains US tariffs on Chinese imports at 30 percent and Chinese tariffs on US goods at 10 percent, averting planned hikes to 145 percent and 125 percent respectively.
• The extension provides additional time for negotiations addressing alleged trade imbalances, unfair trade practices, and US export access to Chinese markets.
• Discussions will also cover national security concerns including rare earths access and technology transfers.
• Ongoing negotiations include contentious issues like TikTok’s ownership separation and US semiconductor export controls, with recent concessions allowing limited chip sales to China.
