U.S. President Donald Trump announced on the 11th (local time) that he decided to extend the 'tariff truce' with China for another 90 days. On that day, President Trump signed an executive order extending the 'tariff truce.' This measure came on the last day of the 90-day truce on tariffs agreed upon by the U.S. and China in May.
The U.S. and China had raised tariffs by over 100% against each other in April, but agreed to significantly lower tariff rates during high-level trade talks held in Geneva in May. At that time, the two countries canceled 91% of the additional tariff rate of 115% on imports and agreed to suspend 24% for 90 days.
Following this, during the third high-level trade negotiations held in Sweden on June 28 and 29, both sides showed alignment on extending the tariff suspension for another 90 days, and President Trump has delayed the final decision.