US and China Officially Agree to Extend 90-Day Tariff Pause
The United States and China have agreed to extend their 90-day tariff pause, according to China’s Vice Minister of Commerce Li Chenggang. At the beginning of the week, US Commerce Secretary Howard Lutnick hinted that a truce was close, giving a boost to the stock market. The news will be welcome for big tech and companies with a heavy presence in China, such as Apple and Nvidia. JUST IN: US and China officially agree to extend 90-day tariff pause. pic.twitter.com/R0AQA9mXIc — Watcher.Guru (@WatcherGuru) July 29, 2025 Li made the announcement during a briefing in Stockholm on Tuesday following trade talks between the US and China. During the briefing, Li described the talks as “candid” and “in-depth.” The Chinese official also stated that the two countries exchanged healthy views on macroeconomic issues during their talks. The US and China will reportedly continue to remain in close contact during the tariff pause to come to a permanent deal. In addition, U...