US and China extend trade truce to January 10, Bessent says

The US and China have agreed to extend their trade war truce for two months, until January 10, according to US Treasury Secretary Bessent. The announcement came as President Trump hosted Chinese President Xi Jinping with military honors near Washington. Bessent stated on Fox News that both nations agreed to extend the economic de-escalation, which was set to expire on November 10, to allow more time to explore economic cooperation. The extension was confirmed during the leaders' meeting at a military base. The truce extension provides additional time for negotiations between the world's two largest economies. The original agreement had been scheduled to end in early November, and this decision postpones any potential escalation of trade tensions.