U.S. and China Agree to Extend Trade Truce by 2 Months, Bessent Says

Treasury Secretary Scott Bessent announced that the US and China have sealed a two-month extension to their trade truce, which will now last until January 10. This agreement comes as Xi Jinping arrives in America for his first state visit in eleven years. Bessent, who is currently leading the talks with China, confirmed that both nations have officially agreed to prolong the truce to maintain stability during these high-level diplomatic discussions between the two global powers.