The US and China have extended their trade truce for 90 days just hours before a jump in tariffs had been set to kick in. An executive order signed by US President Donald Trump on Monday keeps in place an agreement from May, when the two sides temporarily suspended some of the tariffs on each others' goods.

U.S. President Donald Trump has signed an executive order extending a pause in sharply higher U.S. tariffs on Chinese imports for another 90 days, a White House official said.

President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies.