The U.S and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods.

China and the U.S. eventually reached a truce, which resulted in substantially lower tariff rates, and the two countries have been engaged in negotiations since. U.S. tariffs on China will remain at 30 percent until November, when the new 90-day deadline expires, Trump said in an executive order.

President Donald Trump on Monday extended a tariff truce with China for another 90 days, setting the stage for broader negotiations between the world’s two biggest economies.