August 12, 2025 8:45 AM
US, China extend tariff truce by 90 days, staving off surge in duties
The United States and China on Monday extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season. U.S. Presid...