President Trump has delayed a planned increase in tariffs on Chinese goods, easing U.S.–China trade tensions and extending the current truce. The decision, made just hours before the deadline, followed trade talks in Stockholm.

The United States and China have extended their tariff deadline for another 90 days, preventing an escalation of the trade war between the world’s two largest economies, with markets rallying after President Donald Trump announced the pause.

Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm.