US and China extend tariff truce deadline to November

The United States and China have decided to extend their tariff truce deadline, amidst ongoing trade disputes between the two nations.

The new deadline will be November, an extension of two months from the previous deadline of July. The decision was made during the G20 summit held in July 2022. Both countries will continue to engage in discussions over trade and related matters over the next few months.

What's Next?

President Biden and President Xi Jinping will continue to coordinate on trade and economic matters. A comprehensive trade agreement between the two nations is anticipated to unfold by the new deadline, minimizing trade tensions and promoting economic recovery post-COVID-19.