Sri Lanka, Aug. 12 -- 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.

The higher tariffs were set to take effect on Tuesday unless the truce was extended.

Talks last month ended with both sides calling the discussions "constructive". China's top negotiator said at the time that the two countries would push to preserve the truce, while US officials said they were waiting for final sign-off from US President Donald Trump.

Trump said in a post on his Truth Social platform that he had signed a...