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US and China Extend Trade Truce by Two Months as Xi Arrives for State Visit
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News18•24-09-2026, 04:29
US and China Extend Trade Truce by Two Months as Xi Arrives for State Visit
- •The US and China have agreed to extend their trade truce by two months, continuing until January 10, as Chinese President Xi Jinping arrived in the US for a three-day state visit.
- •US Treasury Secretary Scott Bessent announced the extension after talks with Chinese Vice Premier He Lifeng, providing more time for negotiations and avoiding immediate tariff increases.
- •The original truce, known as the Busan Agreement, was set to expire on November 10 and followed a meeting between Trump and Xi in South Korea last year.
- •Despite the extension, significant differences persist between the two nations on issues such as tariffs, technology, and rare earth minerals.
- •Discussions also included establishing a communication channel to address concerns related to artificial intelligence, a growing area of competition between the two global powers.
Key Questions Answered
The economic truce between the US and China was extended by two months, moving the expiration date from November 10th to January 10th.
US Treasury Secretary Scott Bessent announced the agreement on Wednesday following talks with Chinese Vice Premier He Lifeng.
Chinese President Xi Jinping arrived at Joint Base Andrews in the United States, where he received a rare personal welcome from Trump.
