The U.S. and China agreed to extend the tariff truce for another 90 days — major sticking points are holding up a deal, and both sides are planning a leaders' summit later this year to break the impasse. Hours before the higher tariffs were set to kick in, the two countries on Monday announced the tariff truce will be extended to mid-November. The extension was widely expected after the latest round of bilateral talks in Stockholm in late July. Reaching a durable deal, however, will be a feat that requires prolonged and contested "bargaining-like negotiations," said Xinbo Wu, director of the Centre for American Studies at Fudan University in Shanghai. Beijing will likely hold firm on its priorities, such as fully removing tariffs on its goods, easing technology curbs and lifting sanctions

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