President Trump extended a 90-day trade truce with China, delaying a potential economic showdown. The extension pauses tariff increases on Chinese imports and allows for continued negotiations. The truce is welcomed by U.S. businesses seeking improved market access in China. While some progress has been made on issues like rare earths and fentanyl, significant disagreements remain on intellectual property and industrial policy, suggesting the trade tensions may persist.

Prepared by Christopher Adams and reviewed by editorial team.