US-China Agree 90-Day Tariff Truce Amid Trade Resilience

The United States and China have agreed to a 90-day truce to ease their ongoing trade war, temporarily rolling back tariffs that had escalated tensions between the two economic giants. This tariff relief has triggered a surge in shipping demand from China to the U.S., leading to fully booked routes and port congestion, reflecting the deep economic interdependence between the two countries despite political strains. Chinese exporters are experiencing increased inquiries from American importers eager to take advantage of the temporary tariff reductions, signaling a market-driven response to new policy clarity. However, beyond tariffs, the trade conflict has expanded into other areas, including China's ban on critical mineral exports aimed at impacting American industries, raising concerns about the weaponization of supply chains and the potential for economic warfare to escalate further. Experts highlight the risks of such economic tensions fragmenting the global economy and even escalating into military conflicts. Meanwhile, other countries like Japan are navigating their own trade conditions amid these developments, as China's exports continue to grow overall but not significantly in the U.S. market.