US and China extend trade truce by two months before summit
The United States and China have agreed to extend their trade-war truce until January 10, according to Treasury Secretary Scott Bessent. The temporary extension comes as Chinese President Xi Jinping arrives in Washington for talks with President Donald Trump and allows the US to assess China’s commitments.
The United States and China have agreed to extend their trade-war truce by two months, with the pause now scheduled to run until January 10, the South China Morning Post reports. Treasury Secretary Scott Bessent said the extension followed additional talks with Chinese Vice-Premier He Lifeng. He said the extra period would allow the United States to assess whether China is meeting its trade commitments.
The agreement was reached as Chinese President Xi Jinping arrived in Washington for a summit with US President Donald Trump. The source says China had sought a much longer extension of the pause, described as the “Busan Agreement”, through January 2029. The supplied material does not specify which commitments are being assessed, the tariffs covered by the truce or the terms of the agreement beyond its revised end date.
It also does not detail the agenda or outcome of the leaders’ meeting.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.