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US and China Tariff Truce

President Trump has delayed high US tariffs on Chinese imports by another 90 days, taking the new deadline to mid-November. China followed suit and delayed its own tariffs before the end of the August 11 deadline,both nations have delayed the deadline to continue with trade negotiations. Representatives from the US and China met for trade talks in late July in Stockholm, Sweden, where it’s thought progress on a deal was made.The August delay means both nations return to their lowered tariffs for the foreseeable, which will likely remain in place until November, or when a trade deal is agreed. That means tariffs of 30% remain in place on goods entering the US, while 10% levies continue on imports into China. Will US and China get back against the rest of the world ?

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