(MENAFN) US President Donald Trump on Monday signed an executive order delaying the reinstatement of higher tariffs on Chinese imports, just hours before the trade truce between Washington and Beijing was set to expire. The suspension will now remain in effect until November 10.

Trump announced the decision on Truth Social, confirming the 90-day extension of the tariff freeze. Earlier this year, both countries had imposed steep, triple-digit tariffs on each other’s goods, severely disrupting trade, but later agreed in May to a temporary reduction. That agreement had been due to lapse on Tuesday.

At nearly the same time, China’s state news agency Xinhua reported that Beijing would also extend its suspension of planned tariff hikes for 90 days starting August 12, while keeping a 10 percent duty in place. It also pledged to uphold commitments made in the Geneva joint declaration by pausing or removing certain non-tariff measures against the US.

In its executive order, the White House reiterated that America’s “large and persistent annual trade deficits” with China remain a serious threat to US national security and the economy.

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