Trump extends US-China tariff truce, Xi and Lula talk: SCMP daily highlights
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US President Donald Trump has signed an executive order extending by 90 days the US's tariff truce with China, removing the risk of an immediate escalation hours before the ceasefire was set to expire, but leaving trade relations fragile.
Trump said on Monday that he had personally negotiated a deal with Nvidia chief executive Jensen Huang, letting the tech giant sell a lower-end chip in China in exchange for part of those sales revenues being paid to the US government.
Brazilian President Luiz Inácio Lula da Silva and Chinese leader Xi Jinping spoke by phone for about an hour. Photo: Reuters
Brazilian President Luiz Inácio Lula da Silva has spoken by phone with Chinese leader Xi Jinping for about an hour, in a high-level contact aimed at reinforcing ties with Brazil's largest trading partner while confronting a sudden rupture in trade relations with the United States.
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