CNBC reports:
President Donald Trump has signed an executive order that will prevent high U.S. tariffs on Chinese goods from snapping back into effect for another 90 days, a White House official told CNBC on Monday afternoon. The order was signed just hours before midnight, when the pause on Trump’s tariffs was set to expire. If the deadline was not extended, then U.S. duties on China would have shot back up to where they stood in April, when the tariff war between the world’s largest trading nations was at its peak.
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NEWS: Trump extends China tariff deadline for another 90 days pic.twitter.com/oq1rrQ2rad
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