Bessent: US and China extend trade truce until January
The United States and China have agreed to extend the trade truce until January 10, U.S. Treasury Secretary Scott Bessent said after a meeting with Vice Premier He Lifeng. The agreement in question was signed in the autumn of 2025.
The United States and China have agreed to extend the trade truce until January 10, U.S. Treasury Secretary Scott Bessent said after a meeting with Vice Premier He Lifeng. The agreement in question was signed in the autumn of 2025. It included the reduction of some US duties and the suspension of some export restrictions.
We met today to see if we can make a bigger deal instead of a series of smaller deals. Today we agreed that we will extend what we call the “Pusan Agreement,” Bessent said on Fox News. The agreement expired on November 10.
The US minister noted that by January, the parties can agree on a larger package of economic agreements. However, it is also possible that they will simply extend the existing agreement for a longer period of time.
On Wednesday, Chinese President Xi Jinping arrived in the United States on a three-day state visit. He was personally met by President Donald Trump. Politicians will hold key talks on September 24.
Since Sunday, Scott Bessent and U.S. Trade Representative Jamison Greer have been in talks with Chinese counterparts to pave the way for Xi’s state visit.
In the material “Kommersant” “the United States and China will strengthen the cold world”.
