Why this matters:
Extension confirmed: President Trump has signed an executive order extending the current tariff truce with China by another 90 days, preventing U.S. tariffs from snapping back to triple-digit levels in just hours.
Market relief: The pause maintains the current 30% U.S. tariffs on Chinese goods—significantly lower than the previously threatened 80–145% rates—providing temporary stability.
Global sentiment: This move eases fears of immediate escalation in the U.S.–China trade conflict, giving investors breathing room ahead of further talks.
Bottom line: Markets are breathing easier — the specter of a trade shock has been postponed. The extension injects short-term optimism and clarity into a space often defined by volatility.