US, China extend trade truce to January 10
Treasury Secretary Bessent announces two-month extension of the Busan Agreement after talks with China's vice premier.
What to know
- The US and China extended their trade truce (Busan Agreement) by two months, from November 10 to January 10, 2027, after a meeting between Treasury Secretary Bessent and China's vice premier He Lifeng.
- Bessent left open the possibility of a larger economic package by January or a simple rollover of the current deal, citing imperfect Chinese compliance on some deliverables.
- Further announcements are expected during Xi Jinping's state visit, including potential agreements on agricultural purchases and financial services deals.
“We expect that the types of goods you'll see in those lists are consumer goods, low-tech items coming in from the Chinese side. On the U.S. side, energy products, agricultural goods, potentially medical devices and other things like that.”
Jamieson Greer, US Trade Representative · NBC News ↗
Scott Bessent US Treasury SecretaryHe Lifeng China's vice premier
Xi Jinping President of China
Jamieson Greer US Trade Representative
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Further announcements expected from Chinese delegation on agricultural and financial deals
Bessent signaled that additional agreements could be announced in coming days, including Chinese purchases of American agricultural products and potential deals in the financial services sector. These announcements are expected during Chinese President Xi Jinping's multi-day state visit to Washington.
“We will extend what we call the 'Busan Agreement' -- the economic detente between the two countries that was scheduled to end on November 10 -- that is going to be extended until January 10…”
— Scott Bessent, US Treasury Secretary · source -
BREAKING: The US and China have agreed to extend their trade deal until January 10th, 2027. “I don’t know whether a bigger deal can be done. I don’t know whether we will just roll the current deal,” US Treasury Secretary Bessent said.
1 more of the top 2 · 4 posts in this stretch
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BREAKING: US and China agree to extend a trade truce into January, Treasury Secretary said
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background
Bessent signals larger deal possible, or current arrangement could roll forward — Bessent indicated in a FOX News interview that negotiators may reach a larger economic package with China by January, but also suggested the option to simply extend the current agreement. He noted some Chinese deliverables have been imperfect and that the U.S. expects fuller compliance in coming months.
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Bessent announces trade truce extension to January 10
Treasury Secretary Scott Bessent said the United States and China agreed to extend the Busan Agreement, their bilateral trade truce, from its scheduled November 10 expiration through January 10, 2027. The announcement followed an unscheduled meeting between Bessent and China's vice premier He Lifeng in Washington.
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first by NBC News, 6h ago · also Straits Times, Philadelphia Inquirer, Anadolu Agency, Bloomberg, Business Insider, CNBC +5
12 more headlines
- U.S. and China agree to extend trade truce through January 10, Bessent says NBC News · 6h ago
- US Treasury chief says to extend China trade truce until January Straits Times · 5h ago
- Treasury Secretary says US-China trade truce to be extended until Jan. 10 as Xi's state visit in Washington begins Philadelphia Inquirer · 5h ago
- US, China agree to extend bilateral trade truce to Jan. 10 Anadolu Agency · 5h ago
- Bessent Says US, China Extend Their Trade Truce to Jan. 10 Bloomberg · 5h ago
- Scott Bessent says the US and China are giving their trade truce 2 more months Business Insider · 5h ago
- U.S.-China trade truce extended for two months, Bessent says, as Xi begins state visit CNBC · 4h ago
- US and China to push trade truce deadline to January, Bessent says Washington Examiner · 4h ago
- U.S., China agree to extend trade truce until January, Bessent says Investing.com News · 4h ago
- Bessent says US, China trade truce extended by 2 months Politico Europe · 4h ago
- U.S. and China Agree to Extend Trade Truce by 2 Months, Bessent Says NYT · 3h ago
- 'Bigger deal' on table: US, China extend trade truce by two months Times of India · 1h ago
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first by Reuters, 6h ago
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