Snapshot 3:Tue, Aug 12, 2025 5:50:47 AM GMT last edited by Vandita

US, China Extend Trade Truce by 90 Days

US-, China Extend Trade Truce by 90 Days, Avoiding Tariff War

Published AUG 12 2025

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Above: Chinese and American flags hang above the entrance of the Peace Hotel in Shanghai, China. Image credit: CFOTO/Future Publishing/Getty Images

The Spin

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The White House Daily Mail

China holds significant leverage in these negotiations through its control over rare earth mineral exports and strategic materials crucial to U.S. manufacturers. Beijing sees itself in a stronger position compared to previous trade talks and will likely use this advantage to pressure Washington for concessions without making substantial changes to its own trade practices.

Global Times South China Morning Post

Metaculus Prediction

There's a 97.6% chance that U.S. law will continue prohibiting NASA cooperation with the Chinese government before 2030, according to the Metaculus prediction community.