The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other's goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season.

President Trump’s order continues a reprieve from the threat of escalating tariffs and export controls, which rocked the global economy earlier this year.

President Donald Trump has signed an executive order, delaying the U.S. deadline for higher tariffs on Chinese goods by another 90 days, the White House said.