Urgent.News

What's breaking now, across thousands of outlets.

Business

Handelskonflikt: USA verkünden zum Auftakt von Xis Staatsbesuch verlängerte Zollpause

Chinas Präsident Xi Jinping ist in Washington eingetroffen. Die USA wollen die Zollpause mit China verlängern, aber kürzer als von vielen erhofft.

Handelskonflikt: USA verkünden zum Auftakt von Xis Staatsbesuch verlängerte Zollpause

On the opening day of Chinese President Xi Jinping's three-day state visit to the United States, the US government announced a prolongation of the trade embargo in the ongoing trade conflict. US negotiator and Secretary of the Treasury Scott Bessent revealed in multiple interviews that the embargo had been extended for two months, until January 10th.

Initially, Chinese side had not confirmed the extension. Last October, Xi and US President Donald Trump agreed to a pause in the trade conflict during a summit in Busan, South Korea. Trump had agreed to temporarily suspend duties up to 145 percent on Chinese imports, while Xi agreed to delay the planned extraterritorial expansion of export controls for rare earths by a year and allow the export of critical raw materials.

The original agreement would have expired on November 10th. Xi arrived in Washington for his first state visit to the US in eleven years on Wednesday evening, where he and his wife Peng Liyuan were personally greeted by US President Trump and First Lady Melania. Thursday's agenda includes an evening reception at the White House, bilateral meetings and a state banquet.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Thursday 24 September →