Trade conflict: USA announce extended tariff pause at the start of Xi's visit
Chinese President Xi Jinping has arrived in Washington. The US wants to extend the truce in the trade dispute - but for a shorter period than many had hoped.
Beijing - At the start of President Xi Jinping's three-day state visit to the United States, the US government has announced the extension of the trade embargo in the ongoing trade conflict with China. US Treasury Secretary and negotiator Scott Bessent revealed in various interviews that the agreement had been extended by two months to January 10th.
Confirmation from Beijing was initially lacking. Last October, Xi and US President Donald Trump agreed on a pause in the trade dispute during a summit in Busan, South Korea. At that time, Trump had pledged to temporarily suspend the additional tariffs of up to 145 percent on Chinese imports. In return, Xi agreed to delay the planned extraterritorial expansion of export controls for rare earths by a year and to resume exports of critical raw materials.
The original agreement would have expired on November 10th. Xi arrived in Washington on Wednesday evening (local time) for his first state visit to the United States in eleven years. He and his wife Peng Liyuan were personally received by US President Trump and First Lady Melania Trump at a military base near the nation's capital.
On Thursday, there will be a reception at the White House, bilateral meetings, and a state banquet at the event.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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