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The Guardian - UK
The Guardian - UK
World
Lauren Almeida

Trump’s China trade truce extension spurs market rally

China United States Donald Trump Australia Japan
A huge array of variously coloured containers at a Chinese port
The US president, Donald Trump, signed a further 90-day pause on tariffs with China on Monday night. Photograph: AFP/Getty Images

Donald Trump’s decision to extend a truce in the trade war with China for another 90 days triggered a stock market rally across the globe on Tuesday.

The US president signed an executive order on Monday night extending the deadline for higher tariffs on China until 10 November and avoiding a rates cliff edge. Beijing responded the following morning that it would suspend additional tariffs on US goods for a further 90 days.

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