Scott Bessent says the US and China are giving their trade truce 2 more months

Treasury Secretary Scott Bessent announced the extension of the 'Busan Agreement' with China. Eduardo Munoz Alvarez/Getty Images US and China extend trade truce from November to January amid ongoing negotiations. Treasury Secretary Scott Bessent announced the extension of the 'Busan Agreement' with China. Xi Jinping's US visit may lead to new agreements on trade and AI security measures. The US and China have bought themselves more time to negotiate. Treasury Secretary Scott Bessent said Wednesday that the countries had agreed to extend their trade truce from November 10 to January 10. He announced the extension after a meeting in Washington with Chinese Vice Premier He Lifeng, as Chinese leader Xi Jinping arrived for a state visit.