US and China extend trade truce to January 10 after Xi arrives in Washington
The United States and China have extended their trade truce, known as the Busan agreement, until January 10, announced hours after Chinese President Xi Jinping arrived in Washington for a state visit. The deal was originally set to expire on November 10. US Treasury Secretary Scott Bessent confirmed the two-month extension, which suspends certain US tariffs while China maintains rare earth mineral supplies. The announcement came after President Donald Trump gave Xi an unusual airport welcome at Joint Base Andrews, including a red carpet and military honor guard. The extension provides an early outcome for Xi's visit but leaves broader disputes over technology, security, and geopolitics unresolved. Talks are expected to cover artificial intelligence, investment, Iran, and Taiwan, with a state dinner scheduled for Thursday.