US and China Extend Trade Truce, Announce Tariff Reductions on $60 Billion in Goods

The United States and China have extended their trade truce by two months and agreed to phased tariff reductions on approximately $60 billion in goods. This agreement, following talks between Presidents Trump and Xi Jinping, aims to stabilize economic relations and provide more time to resolve ongoing trade disputes. China plans to specifically reduce duties on various U.S. agricultural products.