U.S. Treasury Secretary says trade truce with China extended to Jan. 10
The United States and China have agreed to prolong a tariff-reduction agreement until Jan. 10, with U.S. officials urging Beijing to meet additional commitments as President Xi begins a state visit.
U.S. Treasury Secretary Scott Bessent announced on Wednesday that the trade truce between the United States and China, which limits tariffs and keeps rare-earth supplies flowing, has been extended to Jan. 10. The extension was confirmed as Chinese President Xi Jinping arrived in Washington, D.C. for a state visit scheduled through Friday.
The original one-year agreement, reached by Xi and President Trump in South Korea last October, was set to expire in November. Bessent said Beijing must still fulfill a number of deliverables under the deal.
President Xi, in an official readout on his arrival, expressed confidence that the visit would yield "fruitful results" for both sides and emphasized a partnership approach rather than rivalry, though the statement did not reference tariffs, rare-earths or artificial-intelligence issues.