Gofrixty [13 August 2025] – In an effort to cool tensions, the US and China agreed over the weekend not to impose additional trade tariffs for 90 days. The President announced the extension after talks with Chinese officials and China followed up by confirming through its Ministry of Commerce. The announcement came less than eight hours before a dramatic increase in tariffs on both American and Chinese goods was set to take effect, raising U.S. rates to 30% on more than half the expensive $250 billion worth of products already affected…
US, China back off on immediate trade escalation
