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U.S. and China Extend Trade Truce Two Months

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Story summary
  • The United States and China extended trade truce by two months, moving expiry to Jan. 10, 2027.
  • Both sides finalized tariff cuts covering $30 billion of non-sensitive goods.
  • The United States cut tariffs on agricultural products, seafood, logs, timber, and medical devices.
  • China lowered tariffs on small home appliances, toys and children’s car seats.
  • The parties created an AI dialogue, plan a November meeting, and set up a channel for AI accidents.