US and China extend trade truce by 2 months, to January 10, 2027
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US Treasury Secretary Scott Bessent said on Wednesday, September 23, that the United States and China have agreed to extend their trade truce by another two months, until January 10, 2027, with officials from both sides reaching the agreement earlier the same day. Bessent said, "We met today to see whether we can reach a bigger agreement, rather than just a bunch of small items." The remarks came as President Donald Trump traveled to personally welcome President Xi Jinping at the airfield of Joint Base Andrews on the outskirts of Washington. The original one-year trade truce, seen as a key factor in easing tensions between the two countries, had been due to expire on November 10 this year, after the United States and China launched retaliatory tariffs exceeding 100 percent. President Trump and President Xi reached the trade truce at a meeting in South Korea in October last year, and the question of extending the truce was among the most closely watched issues at today's summit between the two leaders at the White House on September 24.