President Donald Trump extended a tariff deadline on Chinese goods by another 90 days less than 24 hours until the new trade 'doomsday' hit.
He reportedly signed an executive order to pause a scheduled hike as talks between China and the United States continue.
The president signed an executive order to postpone the tariff deadline, according to a report from CNBC citing a White House official one day before it was scheduled to snap into place.
Currently, Chinese imports are subject to the president's 10 percent baseline tariffs with an additional 20 percent tariff.
The president threatened a massive 245 percent tariff on Chinese goods in April, but has extended it as long as talks and negotiations continue.
