US, China Extend Trade Truce Until January
The United States and China extended their trade truce. It now runs until January 10.
Treasury Secretary Scott Bessent announced the extension. Bessent and Chinese Vice Premier He Lifeng agreed after talks.
This extends the Busan agreement between both countries. The announcement came September 23, 2026.
That was around when Xi Jinping arrived in the United States. Xi met Donald Trump for a summit.
The truce had been set to expire November 10. Now it continues until January 10.
Klear Note — A trade truce pauses new tariffs or other trade penalties between countries.
Key Terms 3
- Treasury Secretary Top US leader in charge of money and trade decisions.
- Vice Premier A senior leader in China's government.
- Busan agreement An earlier trade deal between the United States and China.