China and the U.S. eventually reached a truce, which resulted in substantially lower tariff rates, and the two countries have been engaged in negotiations since. U.S. tariffs on China will remain at 30 percent until November, when the new 90-day deadline expires, Trump said in an executive order.

As you have probably heard, they have tremendous tariffs that they're paying to the United States of America," Trump said at a news conference at the White House. "They've been dealing quite nicely," he said,