The U.S. and China had previously agreed to a 90-day pause in which both countries would ratchet down reciprocal tariffs.

President Donald Trump sent stock futures diving early Friday after he accused China of breaking a handshake pact the two countries made in Geneva earlier this month that had helped ratchet down a trade standoff.

President Donald Trump said twice Friday that China had breached the terms of the trade agreement between the two countries, but offered scant details.