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The US and China have extended their trade truce for another 90 days, just hours before the world's two biggest economies were set to raise tariffs on each other.

On Monday, US President Donald Trump signed an executive order to keep the pause in place until 10 November, while Beijing also announced an extension.

It means the US will hold its levy on Chinese imports at 30%, while China will keep a 10% tariff on American goods.

The latest extension will give more time for further negotiations about "remedying trade imbalances" and "unfair trade practices", the White House said.