US and China are anticipated to increase their tariff truce by one other three months, the South China Morning Submit reported, citing unnamed sources.
The 2 nations is not going to impose further tariffs on one another through the extension, one of many sources instructed the newspaper. The present pause was to finish Aug. 12.
The report comes forward of commerce talks between US Treasury Secretary Scott Bessent and Chinese language Vice Premier He Lifeng scheduled to start out on Monday in Stockholm.
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Bessent mentioned Tuesday that he anticipated a trade-truce extension to emerge from the following spherical of negotiations this week, which he mentioned will embrace broader vary of matters together with Beijing’s purchases of oil from Russia and Iran.
