US and China Extend Tariff Truce by Two Months, Agree on AI Oversight

The United States and China have agreed to a two-month extension of their tariff truce, moving the expiration date from November 10 to January 10, as announced by Treasury Secretary Scott Bessent. President Donald Trump described his relationship with Chinese President Xi Jinping as a "true and great friendship," while Xi emphasized their "historical responsibility" to advance human progress and encouraged diplomatic, economic, and trade exchanges between the two nations. Xi reiterated that the two countries must "coexist and cooperate" as global powers and avoid the "Thucydides trap." He also stressed that both nations must ensure artificial intelligence develops under "human control," a topic Trump had earlier flagged as central to their talks.