Trump Extends US-China Trade Truce by 90 Days

Trade War Truce - US defers tariffs on Chinese goods for another 90 days into early November [1] - This extension aims to reduce uncertainty in the US economy [1] - Previous tariff escalations in April negatively impacted financial markets [2] US-China Relations - The extension provides an opportunity for both sides to address issues before a potential summit between President Trump and President Xi Jinping [2] - China has been asked to purchase soybeans, but there has been no confirmation from the Chinese side [3] Evolving Trade Dynamics - The trade war has evolved from focusing on goods like soybeans to a tech war [3]