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U.S. President Donald Trump extended the tariff truce with China by 90 days, delaying steep duty hikes as retailers prepare for the holiday season. An executive order signed Monday pushed higher tariffs to mid-November, keeping U.S. rates on Chinese goods at 30% and Chinese duties on U.S. goods at 10%. Without the extension, tariffs would have jumped to 145% and 125%, respectively, risking a near trade embargo. The delay allows for lower rates on seasonal imports, such as electronics, apparel, and toys. On Sunday, Trump demanded China quadruple its U.S. soybean purchases, though no agreement was confirmed. “We’ll see what happens,” he told reporters, citing his “good relationship” with Chinese President Xi Jinping.