President Trump has signed a 90-day extension to the trade truce with China. This decision aims to allow further negotiations and prevent an escalation of trade tensions between the two economic superpowers. The current tariff rate on Chinese imports stands at 145%. The extension provides a window for both countries to work towards a more comprehensive trade agreement and potentially de-escalate the ongoing trade war, which has impacted various sectors globally. The move is likely to be welcomed by businesses and investors seeking stability in the international trade environment.