In a significant move, President Donald Trump announced the extension of the tariff truce with China by another 90 days, preventing a sharp increase in tariffs between the two largest economies in the world. This decision comes as tensions between the nations continue, but both sides have shown willingness to engage in more ambitious trade talks. The stock market reacted positively, indicating that investors remain hopeful amid the ongoing trade negotiations. This extension sets the stage for critical discussions, as Trump hinted at a potential meeting with Chinese President Xi if a favorable deal can be reached.