Report follows two weeks of mixed signals from Washington, after negotiators finished a third round of trade talks in Stockholm, Sweden
US President Donald Trump has signed an executive order extending by 90 days the tariff truce with China, CNBC reported on Monday, removing the risk of an immediate escalation hours before the fragile ceasefire was set to expire, but leaving trade relations fragile.
The decision, which CNBC said was confirmed by a White House official, follows two weeks of speculation and mixed signals from Washington, after negotiators from China and the US concluded trade talks in Stockholm, Sweden, on July 29.
Just ahead of the tariff-truce deadline, Trump urged China to quadruple its purchases of American soybeans – a major export to China.
“China is worried about its shortage of soybeans. Our great farmers produce the most robust soybeans,” he said in a social media post late on Sunday.
