President Donald Trump is extending a tariff truce with China for another 90 days, stabilizing trade ties between the world's two largest economies. Trump signed an order extending the truce, CNBC reported on Monday, citing a White House official. The truce, which saw the US and China agree to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies, was due to expire Tuesday. Negotiators from both sides reached a preliminary agreement to keep the arrangement last month in Sweden, and the president's advisers had expressed optimism he would approve it. The White House did not immediately respond to a request for comment. Trump, speaking to reporters earlier Monday, demurred when asked if he would extend the deal. Senior Fellow at New York University, and Former British Trade Official Ed Price criticized the extension on Bloomberg Businessweek Daily.