President Donald Trump extended a trade truce with China for another 90 days Monday, at least delaying once again a dangerous showdown between the world’s two biggest economies.

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

Once upon a time, a decision to delay sky-high tariffs on China would have been an eleventh hour save—but in 2025 markets barely noticed.

Trump said on Monday that he might allow Nvidia to sell a more advanced artificial intelligence chip in China based on the chipmaker’s latest and most advanced Blackwell platform. The performance of H20 chips sold to China is restricted compared with those more advanced processors sold to customers in the US.

China has told domestic companies to steer clear of Nvidia's H20 processors, particularly for government and national security projects, raising the stakes for US chipmakers just as Washington reopened limited AI chip exports to China under a controversial deal requiring a 15% revenue share with the US government.