US President Donald Trump has ordered a 90-day delay in the reimposition of higher tariffs on Chinese goods, hours before the current trade truce between Washington and Beijing was due to expire.
The tariff freeze will last until November 10 or until a new deal is reached. Under the existing May truce, US tariffs on Chinese goods were reduced to 30 percent, while China cut its duties to 10 percent. China will maintain its reduced rate for the next 90 days starting August 12.