President Trump on Monday signed an executive order delaying a set of sky-high tariffs on Chinese goods for at least 90 days, extending a ceasefire in the U.S.-China trade war, the White House announced.

The president's order will keep tariffs at 30% — the level that was set in mid-May , when both countries agreed to temporarily back off a set of tit-for-tat tariffs that exceeded 100%. That agreement was set to expire Tuesday, and without an extension, levies on some Chinese goods could have leaped to at least 80%, U.S. Trade Representative Jamieson Greer has said.

The order says the U.S.'s "reciprocal" tariff on Chinese goods will remain at 10% until at least Nov. 10. An additional 20% tariff on China that was imposed earlier this year due to fentanyl trafficking is also still i

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