US President Donald Trump has extended a trade truce with China for another 90 days, delaying a showdown between the world's two biggest economies once again.
Mr Trump told his Truth Social platform he had signed the executive order for the extension, and that "all other elements of the agreement" would will remain the same.
China announced the extension of the tariff pause at the same time, saying it would adopt and maintain all necessary measures to suspend or remove non-tariff measures.
The previous deadline was set to expire at midnight Beijing time (3:01pm AEST).
Had that happened, the US could have ratcheted up taxes on Chinese imports from an already high 30 per cent, and Beijing could have responded by raising retaliatory levies on US exports to China.
"The United States continues to have discussions with the PRC (People's Republic of China) to address the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns," Mr Trump's executive order stated.
"Through these discussions, (China) continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national security matters."
China dealt 'nicely'
On Monday, the US president said Washington had been "dealing very nicely with China".
"We'll see what happens. They've been dealing quite nicely. The relationship is very good with President Xi [Jinping] and myself," Mr Trump told reporters.
Earlier in the day, Beijing said it was looking to Washington for "positive" trade outcomes.
"We hope that the US will work with China to follow the important consensus reached during the phone call between the two heads of state," said Chinese foreign ministry spokesperson Lin Jian in a statement.
He added that Beijing also hoped Washington would "strive for positive outcomes on the basis of equality, respect and mutual benefit".
Although both sides reached a pact to de-escalate tensions after high-level talks in Geneva in May, their truce has been shaky.
In June, key economic officials convened in London as disagreements emerged and US officials accused their counterparts of violating the pact. Policymakers again met in Stockholm last month.
Even as both countries appeared to be seeking to push back the reinstatement of duties, US trade envoy Jamieson Greer said last month that Mr Trump would have the "final call" on any such extension.
Last week, US Commerce Secretary Howard Lutnick said in an interview that it was likely Mr Trump would further the pause by another 90 days.
Mr Trump said in a social media post late on Sunday that he hoped China would "quickly quadruple its soybean orders", adding that this would be a way to balance trade with the United States.
For now, fresh US tariffs on Chinese goods this year stand at 30 per cent, while Beijing's corresponding levy on US products is at 10 per cent.
Since returning to the presidency in January, Mr Trump has slapped a 10 per cent "reciprocal" tariff on almost all trading partners, aimed at addressing trade practices Washington deemed unfair.
This surged to varying, steeper levels last Thursday for dozens of economies.
Major partners like the European Union, Japan and South Korea now see a 15 per cent US duty on their products, while the level went as high as 41 per cent for Syria.
The "reciprocal" tariffs exclude sectors that have been separately targeted, such as steel and aluminium, and those that are being investigated like pharmaceuticals and semiconductors.
Mr Trump has also taken separate aim at individual countries such as Brazil over the trial of former president Jair Bolsonaro, who is accused of planning a coup, and India over its purchase of Russian oil.
ABC/Wires
