#donalTrump 🚨🔥President Trump has signed an executive order extending the freeze on high U.S. tariffs against Chinese goods for another 90 days, according to a White House official who spoke on Monday afternoon.
The order was signed just before the deadline expired at midnight, preventing the tariffs from returning to their previous peak.
The decision followed trade talks between U.S. and Chinese negotiators in Stockholm, Sweden, late last month. Without the extension, tariffs on Chinese imports would have returned to levels seen in April, when the tariff struggle between the two economies was at its height.
In May, both parties met in Geneva, Switzerland, and agreed to pause most tariffs, creating the 90-day window that was about to expire on Tuesday before this new order was signed.
Trump blocks tariffs on gold after customs resolution
On the same day, Trump announced that gold will not face tariffs, reversing a recent decision by U.S. Customs and Border Protection.