The U.S. and China have extended their tariff truce for another 90 days, President Trump confirmed Monday.

Why it matters: The extension comes hours before the truce was set to expire. It pushes off a huge, open question for U.S. businesses and investors on the future of trade with China. • The original deal lowered U.S. tariffs on Chinese goods to 30% from 145% and restarted the flow of crucial rare earth minerals out of China.

The latest: China's Commerce Ministry said after Trump's announcement that it would suspend additional tariffs on U.S. goods for 90 more days.

Catch up quick: Trump signed an executive order on Monday that extended the trade truce between the world's largest economies until Nov. 10. • The extension was expected after U.S. and Chinese officials held a third r

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