Donald Trump extends China tariff deadline for another 90 days: Report

US President Donald Trump has signed an executive order extending the China tariff deadline for another 90 days, CNBC reported on Monday, citing a White House official.

The tariff truce between Beijing and Washington was set to end at 12:01 AM on August 12 (04:01 GMT), but the Trump administration had signalled the deadline could be extended.

The expected delay in the tariff deadline came after the latest round of negotiations between US and Chinese trade officials in Stockholm last month. Without an extension, US tariffs on Chinese goods would have reverted to their peak levels seen in April during the height of the trade conflict.

The two countries had initially agreed in May to suspend most tariffs for 90 days following talks in Geneva.

This is a developing story. It will be updated.

– Ends

Tune In