Trump & China Play 90-Day Tariff Ping Pong Again

In a plot twist even soap operas envy, the U.S. and China have extended their tariff truce by another 90 days, 'hours before the truce was set to expire.' Originally, tariffs dropped from a ridiculous 145% down to 30%, letting those rare earth minerals roam free again. Trump signed off on this cooling-off period after a diplomatic trilogy—Geneva, London, and Sweden talks—because nothing says global drama like a trade negotiation that sounds like a knockoff James Bond triple feature.

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Source: Axios | Published: 8/11/2025 | Author: Courtenay Brown