U.S. and China agree to extend trade truce through January 10, Bessent says
The extension gives both sides more time to pursue additional tariff and purchase deals, officials said.
- Treasury Secretary Scott Bessent announced on Wednesday that The United States and China have extended the "Busan Agreement" trade truce through January 10, moving the original November 10 expiration date.
- Washington hosted an unscheduled meeting between Bessent and China's vice premier He Lifeng earlier Wednesday; minutes later, President Jinping arrived for his first trip to The United States in over a decade.
- Since Sunday, Bessent and Trade Representative Jamieson Greer have held talks proposing measures like exchanging alerts about AI-related hacking, while discussing lists of goods for lower tariffs under Trump's "Board of Trade" initiative with China.
- Chinese deliverables have not been perfect, Bessent noted, as The United States expects more fulsome enactment of existing agreements during this critical testing period through January.
- Bessent suggested it is "possible a larger economic package" may be agreed upon by January, adding the administration may "just roll the current deal" or await further announcements on agricultural and financial services deals with China.
33 Articles
33 Articles
'We will extend what we call the Busan Agreement -- the economic detente between the two countries that was scheduled to end on Nov. 10,' says US Treasury Secretary
Even before the meeting scheduled for Thursday at the White House between Donald Trump and his Chinese counterpart, US Finance Minister Scott Bessent announced the extension until January of the "economic relaxation" between the two countries.
The US and the PRC agreed to extend until 10 January 2026 the agreement providing for the withdrawal of some of the trade restrictions imposed against each other, announced on Thursday to the head of the United States Ministry of Foreign Affairs, Scott Bessent." We agreed today to extend what we call the "Pusan Agreement", which provides for a reduction of economic tensions between the two countries.
This website is from Cedarnews.net. We are the first to learn about the latest developments and the world of commerce. [Washington, Jiji Press] U.S. Treasury Secretary Bencent revealed in an interview with FOX News on the 23rd that the U.S. had agreed to extend the deadline for the trade agreement with China signed last October. Cedarnews الإخباري. العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
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