President Trump's executive order extends a reprieve from the threat of rising tariffs between the world's two largest economies.

President Donald Trump on Tuesday will extend the 90-day trade truce between the United States and China for another 90 days, as he and Chinese President Xi Jinping hope to prevent an all-out trade war. The new deadline will expire on Nov. 9 at 12:01 a.m., according to CNBC. The Washington Examiner reached out to the White House for comment.

The president has lived up to his “TACO Trump” nickname by giving China a 90-day extension on increased tariff rates at the 11th hour. Tariffs as high as 145 percent were due to be implemented on goods from China at midnight Tuesday.