US China Trade Truce Extended to January 10 as Bigger Deal Talks Continue
The US and China have extended their trade truce until January 10, giving negotiators more time to pursue a broader economic agreement.
The United States and China have agreed to extend their trade truce by two months, moving the deadline from November 10 to January 10, 2027. The extension gives both sides additional time to negotiate a potentially broader economic agreement as Chinese President Xi Jinping visits the United States for talks with President Donald Trump.
US Treasury Secretary Scott Bessent announced the extension after meeting Chinese Vice Premier He Lifeng in Washington. Bessent said the discussions focused on whether the two countries could pursue a larger deal rather than continue negotiating a series of smaller arrangements.
The existing agreement has reduced some of the tariff pressures that escalated during the US-China trade dispute. However, differences remain over China’s purchases of US agricultural products and the supply of rare-earth materials. Bessent said China was meeting its commitment to purchase 25 million tonnes of US soybeans but was behind on a separate pledge involving $17 billion in other agricultural goods.
The two sides are also discussing possible tariff reductions on about $30 billion worth of non-sensitive goods, along with issues involving financial services and agricultural trade.
US and Chinese officials have additionally discussed creating a communication mechanism for AI-related safety incidents. The broader negotiations remain unsettled, with Bessent saying it was not yet clear whether a larger agreement could be reached by January 10.
The extension keeps the current trade arrangement in place while Washington and Beijing continue negotiations amid broader disputes over technology, critical minerals and economic policy.
