U.S., China Extend Tariff Suspension Amid State Visit

Why it matters locally: The extension of tariff suspensions between the U.S. and China could provide continued stability for Rhode Island businesses involved in international trade, particularly those importing or exporting goods affected by these specific duties.

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The United States and China have reached an agreement to prolong the suspension of specific tariffs through January 10. The announcement from Bessent detailed the extension of these duties. This development occurred as Chinese President Xi Jinping arrived in Washington for a state visit.