China Extends U.S. Trade Truce By Two Months
The trade truce was initially due to expire on November 10, ahead of a meeting between Chinese and U.S. leaders at the APEC summit...
China has effectively extended its trade truce with the U.S. by two months, after announcing it would continue to suspend certain trade measures.
The trade truce was due to expire on November 10, with Chinese President Xi Jinping and U.S. President Donald Trump expected to meet for the third time so far this year at the APEC leaders' summit in China the following week.
After September's Washington summit between Trump and Xi, both sides proposed a $60-billion package of reciprocal tariff cuts, including roughly $17 billion worth of U.S. farm goods that China imported in 2024, though the plan has yet to be finalized.
U.S. Treasury Secretary Scott Bessent in September said the two-month extension would give the two sides "more time to see what we can do on the economic front."
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