Washington, Aug. 12 -- The US and China have extended their trade truce until 10 November, just hours before a jump in tariffs had been set to take effect, media reports said.
In a joint statement, the world's two biggest economies said triple-digit tariffs on each other's goods announced earlier this year will be suspended for another 90 days.
On Monday, Trump signed an executive order to extend the tariff truce, BBC reported.
It means Washington will further delay imposing 145% tariffs on Chinese goods and Beijing will continue its pause on 125% duties on US shipments.
Under the agreement, the US will hold its tariffs on Chinese imports at 30%, while China will keep a 10% tariff on American goods, as per reports.
The truce extension ...