U.S. and China Extend Trade Truce Through January 10, Says Treasury Secretary

U.S. and China extend trade truce through January 10 as officials prepare for Xi Jinping's state visit.

September 24, 2026 One Min Read

POLICY WIRE — Washington, D.C. — The United States and China have agreed to prolong a temporary trade agreement that was due to expire in November, extending it until January 10, according to Treasury Secretary Scott Bessent.

The decision followed an unexpected meeting between Bessent and Chinese Vice Premier He Lifeng earlier in the day in Washington. Bessent confirmed the extension of what he referred to as the ‘Busan Agreement,’ a period of economic calm between the two nations that was set to conclude on November 10.

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Bessent also suggested that a broader economic deal could be finalized by January, though a continuation of the current arrangement remains possible. He emphasized that while some aspects of the agreement have not been fully implemented by China, there is hope for improved compliance moving forward. The announcement coincided with the arrival of Chinese President Xi Jinping in Washington, D.C., marking his first U.S. visit in over a decade.

Reporting by Policy-Wire (PW)

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