US and China extend trade truce for another 90 days

The previous deadline was set to expire at 12.01am on Tuesday

Traditional Russian wooden dolls called Matryoshka depicting China’s President Xi Jinping and President Donald Trump at a souvenir shop in St Petersburg, Russia (Dmitri Lovetsky/AP)

US President Donald Trump has extended a trade truce with China for another 90 days, delaying once again a dangerous showdown between the world’s two biggest economies.

Mr Trump posted on his Truth Social platform that he signed the executive order for the extension, and that “all other elements of the Agreement will remain the same”.