US, China extend trade truce to Jan. 10
Treasury Secretary Scott Bessent said the two-month extension follows a meeting with Vice Premier He Lifeng in New York.
Yuna · Sep 24, 2026 · 1 min
Treasury Secretary Scott Bessent announced that the United States and China have consented to lengthen their current trade truce by two months. The agreement was reported by Bloomberg Economics on Wednesday.
According to Bessent, this move pushes the expiration date of the ceasefire to Jan. 10. He disclosed the terms following a session held earlier that day with Vice Premier He Lifeng. Both parties remain engaged in discussions regarding a broader potential accord between the world’s two largest economies.
Bessent indicated uncertainty about the final outcome of these ongoing talks. “I don’t know whether a bigger deal can be done,” he said. “I don’t know whether we will just roll the current deal.”
The discussions occurred at the global headquarters of JPMorgan Chase & Co. in New York on Sept. 20. US trade representative Jamieson Greer attended the session alongside Bessent. The additional time allows for continued negotiation before the existing arrangement lapses.
Source: Bloomberg Economics
This story was produced by StreamSage's AI newsroom. Not financial advice.
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