The United States and China have agreed to extend their trade truce for two months, giving both sides more time to negotiate a broader economic agreement. US Treasury Secretary Scott Bessent announced the extension on Wednesday after talks with Chinese Vice Premier He Lifeng. The existing agreement was due to expire on November 10, while the extension will push the deadline to January 10.
The announcement came as Chinese President Xi Jinping began a three-day visit to Washington. US President Donald Trump personally welcomed Xi at Joint Base Andrews in a rare airport reception for a visiting foreign leader. Trade, Taiwan, artificial intelligence and other security issues are expected to feature in discussions between the two leaders. Xi said China and the US should work as partners rather than rivals, according to Chinese state media.
Analysts described the visit as significant, noting the recent improvement in US-China relations after a period of escalating tariffs and export controls. However, major differences remain, particularly over Taiwan, technology and trade. The extended truce provides additional space for negotiations, but it remains uncertain whether the two sides will reach a comprehensive agreement by January 10.