US President Donald Trump signed an executive order extending the tariff truce with China for 90 days, just hours before the deadline. This move prevents US tariffs on Chinese goods from rising to 145%, while Chinese tariffs on US goods would have increased to 125%, levels that could have led to an effective trade ban. The truce was initially agreed upon in May after talks in Geneva and was meant to allow further negotiations. The two sides met again in Stockholm in late July but did not announce an extension of the truce.