The United States and China extended their tariff truce for another 90 days on 11 August, averting an escalation in duties. President Donald Trump announced that he signed an executive order suspending the higher tariffs until 10 November. The extension, which was the expected outcome of trade talks held in Stockholm in late July, is viewed by analysts as a step towards a potential meeting between President Trump and Chinese President Xi Jinping. In a separate development, China urged its local companies to avoid using Nvidia’s H20 chips, particularly for government-related purposes. Trade analysts have noted that the on-again, off-again nature of the tariffs has made US trade policy unpredictable for many businesses.