Team Trump Announces Trade Truce With China As Xi Begins Rare US Visit
The U.S. and China have agreed to extend their trade truce for two months, providing a window for further negotiations during upcoming international summits. President Trump and Chinese leader Xi Jinping met in Washington to discuss trade, technology, and geopolitical tensions.
Why it matters
The extension of the trade truce is critical for global supply chain stability and the cooling of tensions between the world's two largest economies.
US President Donald Trump's Treasury Secretary Scott Bessent announced that Washington and Beijing have agreed to extend their trade truce shortly after Chinese leader Xi Jinping arrived in Washington for a three-day visit. But the truce, which was set to lapse in November, has been extended for just two months, setting up another deadline for early next year.Under it, the two superpowers agreed to scale back tariffs and refrain from imposing new trade restrictions, Bessent said during a Fox News Channel interview as Trump, in a rare planeside greeting, welcomed Xi at Joint Base Andrews just outside Washington."I don't know whether a bigger deal can be done.
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