The United States and China have agreed to extend their current trade truce through January 10, giving both sides more time to negotiate a broader agreement. Treasury Secretary Scott Bessent says the two-month extension keeps a pause on new tariffs and trade restrictions in place while talks continue. President Donald Trump and Chinese President Xi Jinping met in Washington this week as part of Xi’s state visit. Bessent says some Chinese commitments remain incomplete.

China has been a strong buyer of U.S. soybeans this year, but purchases of other agricultural products have lagged. Farm groups continue calling for a more stable agreement that improves market access and reduces uncertainty. Analysts say a major new agricultural deal still appears unlikely in the near term.

By: NATHAN STUEDLEThe United States and China have agreed to extend their current trade truce through January 10, giving both sides more time to negotiate a broader agreement. Treasury Secretary Scott Bessent says the two-month extension keeps a pause on new tariffs and trade restrictions in place while talks continue. President Donald Trump and Chinese President Xi Jinping met in Washington this week as part of Xi’s state visit. Bessent says some Chinese commitments remain incomplete.China has been a strong buyer of U.S. soybeans this year, but purchases of other agricultural products have lagged. Farm groups continue calling for a more stable agreement that improves market access and reduces uncertainty. Analysts say a major new agricultural deal still appears unlikely in the near term.

U.S. and China extend trade truce