U.S. and China agree to extend trade truce through January 10, Bessent says

Treasury Secretary Scott Bessent announced that the United States and China have agreed to extend their trade truce through January 10, moving the previous expiration date from November. This extension applies to the Busan agreement. Additionally, Bessent outlined three potential scenarios for the conclusion of the Iran war, while simultaneously warning that Tehran is currently a cornered animal that is rapidly running out of options as the conflict continues to evolve under current geopolitical pressures.