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August 13, 2025

US, China extend trade truce

WASHINGTON (AP) — President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world's two biggest economies.

The previous deadline was set to expire at 12:01 a.m. Tuesday. Had that happened the U.S. would have ratcheted up taxes on Chinese imports from an already high 30%, and Beijing would have responded by raising retaliatory levies on U.S. exports to China.


 
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