US and China Extend Tariff Truce to January 10, 2027

The United States and China have agreed to extend their tariff truce, known as the 'Busan agreement', until January 10, 2027, according to US Treasury Secretary Scott Bessent. The deal was originally set to expire on November 10. Bessent announced the extension in a Fox News interview, stating it provides more time to address economic issues. He also discussed a proposed mutual notification mechanism on artificial intelligence, noting China's interest in collaboration despite the US having a considerable lead. Bessent additionally predicted Iran's eventual surrender in the ongoing conflict, suggesting it could occur within weeks or months. He outlined three possible endings, including regime infighting, a popular uprising, or a negotiated settlement, while Treasury sanctions continue to disrupt Iranian flights.