U.S.-China Trade Truce Extended Until January 10
The U.S.-China trade truce, initially agreed upon for one year during a meeting between President Donald Trump and Chinese President Xi Jinping in October, has been extended until January 10. This announcement was made by U.S. Treasury Secretary Scott Bessent on Fox News as part of ongoing discussions ahead of Xi's state visit to Washington, D.C., which began with ceremonial meetings at the airport. The extension aims to maintain lower tariffs and ensure continued flow of rare earth materials between the two countries. While many had anticipated a six-month or longer delay before this week’s summit, Bessent emphasized that Beijing must fulfill additional deliverables as part of the agreement. The U.S. also discussed with China setting up an alert system for artificial intelligence incidents during preliminary talks led by Vice Premier He Lifeng in New York. Chinese state media did not immediately report on the trade truce extension, but footage showed Trump and Xi meeting at the airport without visible handshakes between them.
Topics: Diplomacy State Visit Tariffs Trade Truce