Xi says US, China reach new trade arrangement during summit with Trump: report

Chinese President Xi Jinping informed on Thursday that the United States and China had reached a new trade arrangement, according to a report, during a summit in Washington with U.S. President Donald Trump to discuss artificial intelligence, trade, security, and other significant issues. Xinhua News Agency conveyed Xi's remarks at the White House summit, stating that the arrangement was "good news for industries and people of both countries, as well as the global economy," while emphasizing the need to expand cooperation and reduce areas of contention for a stable economic relationship.

Specific details of the new trade deal were not provided, but U.S. Treasury Secretary Scott Bessent told Fox News that Washington and Beijing had agreed to extend their trade truce by two months until January 10. At the summit, Trump and Xi also discussed the Korean Peninsula, the Middle East situation, and the Russia-Ukraine conflict, as reported by the news outlet.

Prior to the summit, it was anticipated that Trump and Xi would address North Korea-related matters, as Trump aimed to secure a favorable outcome.