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The US and China have agreed to a 90-day pause on further tariff increases. This avoids a significant escalation in trade tensions, preventing tariffs on Chinese goods from rising to 54% and Chinese tariffs on US exports returning to 34%. The agreement follows recent negotiations and maintains existing 10% tariffs on US goods imposed by China. However, other trade issues remain unresolved, including China's purchase of Russian oil and sales of dual-use technology, and the future of TikTok.

Prepared by Christopher Adams and reviewed by editorial team.