US and China Extend Trade Truce to January 10

Source Summary

Treasury Secretary Scott Bessent announced that the United States and China have agreed to extend their trade-war truce by two months. The extension allows both nations to continue negotiations on a broader trade agreement between the world's two largest economies.

Why it matters

A trade truce extension between the US and China affects global supply chains, tariff policy, and economic relations between the world's largest trading partners.