U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.

President Trump on Monday signed an executive order delaying a set of sky-high tariffs on Chinese goods for at least 90 days, extending a ceasefire in the U.S.-China trade war, the White House announced. The president's order will keep tariffs at 30% ...

Had the truce not been extended, there were fears that the financial market turmoil, which accompanied the major escalation of tariffs against China on April 2 and in subsequent days, would have returned.