Donald Trump seems to have lived up to his TACO acronym yet again after the US and China extended their trade truce. Trump’s tariff trade policy caused global financial chaos earlier this year, and whilst the US has agreed some trade deals since then – although nowhere near the 90 he had promised – the nation is still in a stalemate with China.

Trump announced the move in a Truth Social post following a phone call with Mexican President Claudia Sheinbaum on Thursday, hours before the supposedly firm Aug. 1 deadline for his global trade tariffs being put into place.