US and China to extend trade truce through Januarypublished at 23:48 BSTBreaking
US Treasury Secretary Scott Bessent just announced that the US and China will be extending a truce in their trade war with China through January.
Speaking on Fox News after his meeting with Chinese Vice Premier He Lifeng, Bessent said an agreement has been reached to extend the so-called "Busan Agreement" to each ease tariffs on the other, which was scheduled to expire on 10 November.
He said the two also discussed if there can eventually be a more substantive trade deal between the two countries.
"I don't know if a bigger deal can be done. I don't know if we'll just roll the current deal," he said.





















