The United States and China have agreed to extend their trade truce by two months to January 10, Treasury Secretary Scott Bessent said, as President Xi Jinping begins a state visit.
Key facts
- The US-China trade truce has been extended for two months.
- The deal was previously set to expire in November.
- The new expiry date is January 10, according to Bessent.
- Bessent said Beijing still needs to fulfill more deliverables.
- The extension coincides with the start of a state visit by Xi.
The United States and China have extended their trade truce by two months, Treasury Secretary Scott Bessent said, pushing back a deadline that had been set to arrive in November.
According to CNBC, the agreement will now run until January 10. The extension gives both sides additional time before the truce lapses.
Bessent noted that the extension came with a caveat, pointing to the need for Beijing to fulfill more deliverables under the arrangement. He did not, in the reported comments, specify which deliverables remained outstanding.
The announcement was made as President Xi Jinping began a state visit, placing the trade relationship between the world’s two largest economies back at the center of diplomatic attention.
The timing links the truce extension directly to high-level engagement between the two governments, though the sources provided do not detail the full agenda of the visit or the specific terms of the underlying trade deal.
Why it matters
Trade tensions between the United States and China affect global markets, supply chains and prices for consumers and businesses worldwide. Extending the truce delays the risk of renewed tariff escalation, but the reference to unmet deliverables signals that the underlying disputes remain unresolved.
Frequently asked questions
When was the US-China trade truce set to expire?
The deal was previously set to expire in November, according to Bessent as reported by CNBC.
What is the new deadline for the truce?
Bessent said the truce will now be extended to January 10.
Why was the truce extended?
Bessent noted the need for Beijing to fulfill more deliverables, indicating additional time was required under the arrangement.