US open to extending China trade truce, or bigger deal, Bessent says after meeting with He
The United States is considering extending the US-China trade truce, which expires on November 10, or exploring a possibly larger trade deal, according to US Treasury Secretary Scott Bessent. Bessent made the remarks after a meeting with Chinese Vice Premier He Lifeng in New York ahead of a summit between the two countries' leaders.
The Chinese proposed the idea of a bigger deal, and Bessent stated that the US is open to continuing the Busan arrangement or examining the larger deal. Both options are seen as favorable to the American people, stated Bessent. The meeting aimed to address unfinished business prior to the Trump-Xi summit and discussed potential trade and artificial intelligence agreements.
However, the fate of the nearly year-long trade truce remains unresolved, with discussions about extending it continuing.
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