Brief by Shorts91 Newsdesk / 06:17am on 12 Aug 2025,Tuesday International
US President Donald Trump has extended the suspension of steep tariffs on Chinese goods until November 10, continuing a fragile trade truce with Beijing. The decision follows months of tit-for-tat tariff hikes that saw rates soar to 125% before a May agreement temporarily reduced them. The White House cited ongoing negotiations to address “lack of trade reciprocity” and noted China’s “significant steps” toward resolving disputes. Earlier this year, both nations imposed sweeping duties and non-tariff measures affecting industries from agriculture to technology. The pause, announced via Trump’s Truth Social post, is aimed at maintaining dialogue and avoiding further economic escalation. (PC: HT)
