Trump Gives Xi Rare Welcome as US-China Trade Truce Is Extended

Treasury Secretary Scott Bessent announced that U.S. and Chinese officials agreed to extend their economic détente by two months, pushing the trade truce through January. This extension follows the arrival of President Xi Jinping in the United States for a summit with President Trump. The meeting occurs amidst high-profile discussions regarding global business and finance, featuring insights from experts at JPMorgan Private Bank, Goldman Sachs, and the Ifo Institute regarding the current US-China trade relationship.