Trade conflict: USA announce extended tariff pause at the start of Xi's state visit
Chinese President Xi Jinping has arrived in Washington. The US wants to extend the customs pause with China, but shorter than many had hoped.
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.
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