After failing to find a resolution to their ongoing trade tensions, the US and China are poised to extend their tariff truce. This decision comes after talks between the two economic powerhouses concluded with no clear agreement.

The discussions, which took place amidst escalating tensions between the two nations, focused on addressing key issues such as intellectual property rights, market access, and technology transfer. Despite both sides expressing a desire to reach a deal, significant differences remain unresolved.

President Donald Trump has been a vocal critic of China's trade practices, accusing the country of unfair trade practices and intellectual property theft. Meanwhile, China has consistently denied these accusations, asserting that it is committed to upholding international trade rules.

The extension of the tariff truce provides a temporary respite in the ongoing trade war between the US and China. However, the lack of a concrete agreement leaves the door open for further escalation in the future. As both countries continue to navigate the complexities of their economic relationship, the world watches on with bated breath.