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US, China Extend Trade War Truce After Xi Lands
The United States and China have agreed to keep a trade truce in place longer.
The truce is called the “Busan Agreement.”
It was supposed to end on November 10.
It will now continue until January 10.
Bessent announced the extension after meeting unexpectedly with Chinese Vice Premier He Lifeng.
The announcement came after Chinese President Xi Jinping arrived in Washington.
The two countries call the truce an economic detente.
Bessent shared the news with Fox News Channel.
The United States and China extended their economic truce, known as the “Busan Agreement.”
The agreement, originally scheduled to end November 10, will now continue until January 10.
Bessent announced the extension after an unscheduled meeting with Chinese Vice Premier He Lifeng.
The announcement came shortly after Chinese President Xi Jinping landed in Washington.
Bessent disclosed the decision in an interview with Fox News Channel.
- Who
- The United States, China, Bessent, Chinese Vice Premier He Lifeng, and Chinese President Xi Jinping.
- What
- The United States and China extended the “Busan Agreement,” an economic truce.
- Where
- The announcement concerned relations between the United States and China and came after Xi Jinping landed in Washington.
- When
- The extension was announced on Wednesday; the agreement will now run until January 10 instead of ending November 10.
- Why
- The extension maintains the economic detente between the two countries.
Key facts
- Agreement
- The “Busan Agreement”
- Original end date
- November 10
- New end date
- January 10
- Announcing official
- Bessent
- Chinese official at meeting
- Vice Premier He Lifeng
- Announcement outlet
- Fox News Channel
Quotes
Scott Bessent
US Treasury Secretary who announced the extension after meeting Chinese Vice Premier He Lifeng.
“We will extend what we call the 'Busan Agreement' — the economic detente between the two countries that was scheduled to end on November 10 — that is going to be extended until January 10”
timesnownews.com
Sources
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