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Trump Says ‘Getting Very Close’ on Extending China Trade Truce

Summary by Bloomberg
US President Donald Trump said he was “getting very close to a deal” with China to extend the trade truce that saw the two countries agree to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies.

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Asian stock market indices turned green on Tuesday, as investors welcomed comments from US President Donald Trump, who said Washington was "very close" to extending a trade truce with China. He also threatened higher tariffs on pharmaceuticals and chips, the French news agency dpa reported.

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"We're getting closer to a deal. Our relationship with China is very good," Trump said.

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(Reuters) - U.S. President Donald Trump believes the United States and China are close to reaching an agreement to extend the trade truce before the original deal expires on August 12.

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Bias Distribution

  • 67% of the sources lean Right
67% Right

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BizToc broke the news in on Tuesday, August 5, 2025.
Sources are mostly out of (0)