US, China agree to extend trade truce by two months, work on bigger deal, Bessent says
WASHINGTON — The United States and China have agreed to extend by two months a trade truce that was due to expire on November 10, allowing more time to work on a potentially bigger trade deal, U.S. Treasury Secretary Scott Bessent said on Wednesday. Bessent made the remarks on Fox News hours after his second meeting in four days with Chinese Vice Premier He Lifeng to prepare for a summit between…
U.S. and China have reached an agreement to extend a trade truce by two months, allowing more time to work on a potentially larger trade deal, Treasury Secretary Scott Bessent announced on Wednesday. Bessent made the remarks after his second meeting in four days with Chinese Vice Premier He Lifeng, in preparation for a summit between U.S. President Donald Trump and Chinese President Xi Jinping the following day.
The two nations agreed to extend the trade truce, which was set to expire on November 10, during talks in Busan, South Korea in May. Bessent stated that the additional two months would provide both countries with more time to assess potential economic opportunities. Earlier, Bessent reported that Beijing had raised the possibility of a more comprehensive U.S.-China trade agreement during a 12-hour conference on Sunday, though he did not disclose the potential scope of such a deal.
The meeting between Bessent and He Lifeng lasted approximately 90 minutes. When asked if a potential deal could be finalized by January 10, Bessent told Fox News that the timeline remains uncertain.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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