The expiration of the tariff truce between the U.S. and China is approaching
The tariff truce between the U.S. and China, which has kept the escalation of tariffs under control, expires on August 12. Although the markets have hopes that it will be extended, uncertainty about the outcome persists.
The increase in Chinese exports last week, reported at 7.2% year-on-year for July, suggests that exporters rushed to ship goods ahead of possible tariff renewals.
