NEW DELHI: The United States and China have agreed to extend their ongoing tariff truce by 90 days, preventing a potential surge in duties that threatened to disrupt global trade flows.
The agreement, announced on Tuesday, comes as both sides work to resolve long-standing trade disputes over tariffs, intellectual property, and market access. The extension means that neither country will impose additional tariffs during this period, offering temporary relief to businesses and investors concerned about escalating tensions.
The truce follows months of negotiations aimed at stabilising economic relations between the world’s two largest economies. Analysts say the move could help restore market confidence, though uncertainty remains over whether a comprehensive trade deal can be reached before the new deadline.
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