US and China extend trade truce another 90 days, easing tension between worlds largest economies

WASHINGTON, August 12, 2025 (AP) President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the worlds two biggest economies. Trump posted on his Truth Social platform that he signed the executive order for the extension, and that all other elements of the Agreement will remain the same. Beijing at the same time also announced the extension of the tariff pause via the official news agency Xinhua. The previous deadline was set to expire at 12:01 a.m. Tuesday. Had that happened the U.S. could have ratcheted