US and China Extend Tariff Truce for 90 Days

President Trump has extended the US-China trade truce until Nov. 9, maintaining tariffs on Chinese imports at 30%, while exempting gold from tariffs. The extension aims to give both sides more time to negotiate unresolved issues, including agricultural purchases and technology access. Meanwhile, Nvidia and AMD will pay the US government 15% of revenues from certain chip sales to China, amid ongoing trade tensions. The tariffs are increasingly impacting US consumers and businesses, with costs expected to rise.