US and China Extend Busan Agreement
Treasury Secretary Scott Bessent announced that the United States and China have agreed to extend the Busan agreement until January 10. The decision follows meetings in Washington ahead of Chinese President Xi Jinping's state visit.
Insights:
The United States and China agreed on Wednesday afternoon to extend the Busan agreement until January 10. The extension preserves existing trade terms following discussions between high-level officials in Washington. The continuity prevents a potential trade policy lapse ahead of bilateral summits this week.
