A last-minute Trump executive order means US businesses get a slight reprieve on tariffs. They'll continue to pay 30% versus 145% until Nov. 10 unless the US and China can reach a deal.

The US and China have extended their trade truce until 10 November, just hours before a jump in tariffs had been set to take effect. In a joint statement, the world's two biggest economies said higher tariffs on each other's goods announced earlier this year will be suspended for another 90 days.