President Trump's executive order extends a reprieve from the threat of rising tariffs between the world's two largest economies.

In June, the two countries reached an agreement to ease tensions. The United States said it would pull back export restrictions on computer chip technology and ethane, a feedstock in petrochemical production. And China agreed to make it easier for U.S. firms to get access to rare earths.

President Donald Trump on Tuesday will extend the 90-day trade truce between the United States and China for another 90 days, as he and Chinese President Xi Jinping hope to prevent an all-out trade war. The new deadline will expire on Nov. 9 at 12:01 a.m., according to CNBC. The Washington Examiner reached out to the White House for comment.