According to Media Sources, The US will delay raising tariffs to 145 percent on Chinese goods, while China will hold off on 125 percent tariffs on US goods. Instead, current tariffs will remain 30 percent on Chinese imports to the US and 10 percent on American exports to China.
As Per Media Sources, US President Donald Trump signed an executive order yesterday to extend the truce, giving both sides more time to continue negotiations on trade imbalances, unfair practices, market access, and national security concerns. The US highlighted a 300 billion US dollar trade deficit with China in 2024, the largest with any country. Talks also cover issues like China’s purchase of Russian oil, access to rare earth minerals, and US restrictions on tech exports.
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