China’s Commerce Ministry says trade ceasefire with US to be extended to January 2027

The Chinese Commerce Ministry announced on Monday that the trade truce between the United States and China will be extended until January 10, 2027. This extension moves the expiration date from the previous November 10, 2026 deadline. The ministry emphasized that importing US coal benefits the domestic market, provides stable economic returns, and creates jobs for US industries.

Both nations expressed their desire to expand collaboration in the coal sector. Furthermore, China and the US agreed to establish an agricultural working group, with the first meeting scheduled before the end of 2026. The Chinese government also pledged to review and approve applications from foreign financial service institutions, including those with US capital, to operate and open branches within China.

The US was encouraged to maintain a fair, transparent, and stable policy environment for Chinese financial institutions. Additionally, China and the US agreed to set up a communication channel for addressing AI-related incidents. The trade truce extension provides an opportunity for both sides to review the implementation of the joint arrangement and explore ways to enhance China-US economic and trade relations.

Both countries are expected to continue working on solutions to ensure the extension's success through high-level economic and trade talks before the year-end.