ECONOMY1 Nov 2025
“The US-China trade truce, which lowered reciprocal tariffs and paused China's rare earth export curbs, expires November 10, 2026.”
— Donald Trump / Xi Jinping · White House
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CONTEXT
After months of tit-for-tat escalation reaching 125% tariffs, the US and China agreed to a one-year truce reducing rates to 30%. The question: will it be extended again or will tariffs spike?