KEY POINTS

Trump issued a 90-day extension to the tariff truce between the U.S. and China.

China is the United States' third largest trading partner.

Without the extension triple-digit tariffs between the two countries would have resumed.

President Donald Trump has extended a tariff truce between the U.S. and China, holding off the triple-digit tariffs that were originally announced in the spring.

The tariffs were set to resume on Tuesday, but Trump signed an executive order with a 90 day extension on Monday, per Newsweek. This extension sets a new deadline date of Nov. 9 at 12:01 a.m.

According to Newsweek, when asked by reporters on Monday how he planned to extend the deadline Trump said “We’ll see what happens. They’ve been dealing quite nicely. The relationship is very good w

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