US, China agree to extend trade truce by 2 months to Jan. 10
WASHINGTON (Kyodo) -- The United States and China have agreed to extend their trade truce by two months until Jan. 10, Treasury Secretary Scott Bessen
The United States and China have reached an agreement to prolong their trade truce for an additional two months, extending it until January 10, Treasury Secretary Scott Bessent announced on Wednesday. The initial one-year truce, a crucial component of the ongoing peace process between the two nations, was set to conclude on November 10.
This temporary ceasefire was implemented following a series of retaliatory tariffs imposed by both countries, reaching over 100 percent. The decision to extend the truce was reached between U.S. and Chinese officials during a meeting earlier on Wednesday. Bessent explained that the conversation focused on the possibility of reaching a more comprehensive agreement, going beyond minor concessions.
As President Donald Trump personally met with Chinese President Xi Jinping at Joint Base Andrews near Washington, the extension of the truce emerged as a significant highlight of the White House summit held on Thursday.
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