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U.S. and China Extend Trade Truce to Jan 10

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Story summary
  • The United States and China extended their trade-war truce to Jan 10, suspending higher tariffs and rare-earth controls.
  • A record 7.3 million containers moved through Chinese terminals in the week to Sep 20, a 9% YoY increase.
  • The effective U.S. tariff rate on Chinese goods stays around 23%, far above rates on other major partners.
  • EU officials consider protectionist steps as China’s export dominance intensifies.