In a last-minute decision on August 11, US President Donald Trump extended the tariff truce with China for another 90 days, as reported by CNBC and Reuters citing White House officials. This move came just in the nick of time, preventing the reimposition of hefty tariffs hours before they were due to take effect. By doing so, US retailers can avoid significant cost hikes just before the crucial year-end holiday shopping period. Additionally, this extension keeps the door open for continued trade discussions through to mid-November, offering a breather for businesses on both sides.
