🚨🔥 BREAKING NEWS 🔥🚨

President Trump has extended the deadline for China tariffs by *90 days* to November 9. This extension comes as the initial deadline was set to expire soon. The move is part of ongoing trade talks between the U.S. and China .

Key Details on the Tariff Extension

- *Current Tariff Truce*: A truce was agreed in May, reducing reciprocal tariffs to 10% for 90 days.

- *Deadline Extension*: Trump signed an executive order extending this deadline by another 90 days.

- *Trade Talks Progress*: U.S. and Chinese officials met in Stockholm in late July, expressing optimism about extending the deadline.

Implications of the Extension

- *Tariff Rates*: If the deadline weren't extended, tariffs on Chinese goods could've jumped to around *145%*, with Chinese tariffs on U.S. goods hitting *125%*.

- *Trade Deal Prospects*: U.S. Treasury Secretary Scott Bessent mentioned having the makings of a deal with China and was "optimistic" about the path forward

What do you think about this extension and its impact on U.S.-China trade relations?

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